Sell on a level breakthrough of 138.53 with 138.03 target. Stop loss = 139.03.
Reason for the trading strategy
Verbal intervention on behalf of the Head of the Bank of Japan provided substantial support to the yen. Sales in the EUR/JPY pair intensified after a breakthrough of the lower limit of the 139,09-141,02 range. In the short term, it will probably decline to the 138.03 level.