Given the Yen's weakness against the Euro
over the past month and a half, the best trading opportunities on this pair will be buying opportunities. This 122.1 level will be a very likely place to see price bounce. Institutional traders will be eyeing this level for a potential dip buy. As usual we will be using a 30-40 pip stop and be looking to get whatever we can on the profit side.
Good luck to anyone that takes this trade.