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.
EUR/JPY Daily chart 20 10 2014
Will Morgan Stanley ring the profit bell on EUR/JPY short?
Get in the hole!!
They'll find the water
If following the big boys and their trades is your cup of tea then EFX has you covered. You can get the trades as they happen, like this, here
EFX big bank trade updates
