Shorting EURJPY is one of the main trades for Ian Coleman, from First 4 Trading this Tuesday. He's turning bearish on stocks which tends to make the pair go lower and a channel formation is forming in EURUSD which looks corrective.  

EURJPY is putting a large weekly channel formation to the scope and it can move in either direction, but in the short term, Ian explains that we have an ending wedge formation and a bespoke resistance level at 137.43. 

Ian is selling half the unit at the market and the other half either at 137.43 OR a break of 136.81

Targets are: 136.00 (wedge base) and 134.0 (start of the wedge)