EUR/JPY is undergoing its buy-the-rumour-sell-the-fact experience and it has dragged EUR/CHF lower with it, tripping trailing stops below 1.2385. Any rallies now back to 1.2400 are likely to meet with plenty of sellers and I’ve thrown a hopeful bid in at the 61.8% retracement (1.2070/1.2565) at 1.2270.
