Those lovable rogues at Morgan Stanley have gone and gotten themselves all shorted up in EUR/JPY at 137.00. They're off to a flyer as it currently trades 136.71 and they are hoping to take profit at 131.50. If it all goes “Pete Tong” (wrong) they'll be stopped out at 138.50.
They're definitely trading with the trend right now and their take profit point is just above substantial support at 131.10/15.
Will Morgan Stanley ring the profit bell on EUR/JPY short?
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