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

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

<p>Failure to penetrate this week?s high at 113.73 suggests further consolidation would take place, however, as long as yesterday?s low at 112.54 holds, bullishness remains for another rise, break of said resistance would add credence to our view that correction from 114.22 has ended and bring retest of this level.<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/YzqUABWW8g8" height="1" width="1"/>

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