There’s said to have been a few shorts squeezed out in EUR/JPY and the run to 141 has been partly behind the move in EUR/USD. Up here we have the 55 dma at 141.01 and the high so far has been 141.03.

EUR/JPY daily chart 18 02 2014

EUR/JPY daily chart

Above 141 we have the 29 Jan high at 141.25 but it gets really interesting around the 142.40 to 142.90 area which has seen plenty of resistance.