Trade Idea: EUR/JPY ? Hold long entered at 112.85

Trade Idea: EUR/JPY ? Hold long entered at 112.85

<p>Although the single currency retreated after rebounding to 113.73 yesterday, if our view that correction from 114.22 has ended at 111.95 on Monday is correct, downside would be limited and bring another rebound later. Above said resistance at 113.73 would add credence to this view and bring retest of 114.22.<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/RVGzgY9XafI" height="1" width="1"/>

Source: Trade Idea: EUR/JPY ? Hold long entered at 112.85