The trade of the week from Citi

EUR/JPY is on a nine-day losing streak but analysts at Citi say it's just the beginning. In their trade of the week, they suggest selling the pair at 117.80 (spot at 117.84) with a target of 114.60 and a stop at 119.10.

I like the idea of selling the break of the February low and French elections could weigh but I'd look for a bit better fill than 117.80. I hate to chase a nine-day losing streak; something like at 118.25 might be a better spot to enter.