Ian says "Although EURJPY traded to the lowest level in 15 weeks yesterday the dip was bought into close to 138.00. This upward pressure has continued overnight. However, with an intraday 161.8% extension level located at 139.17, risk/reward would be poor to call a buy at the open. We look for a mild dip to trigger our long today. We look to Buy at 138.95 (stop at 138.70). Our profit targets will be 139.50 and 139.80 with support levels: 138.95, 138.80 and 138.50"