Trade Idea: EUR/JPY ? Hold long entered at 112.40

Trade Idea: EUR/JPY ? Hold long entered at 112.40

<p>Euro?s intra-day breach of indicated resistance at 113.44 confirms our view that the correction from 114.02 has ended at 110.77 earlier and rise towards resistance at 114.02 would be seen. Looking ahead, only break of 114.02 would signal the C leg upmove from 106.83 has resumed and extend towards 115.00 later.</p><img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/DKHa-CYoF80" height="1" width="1"/>

Source: Trade Idea: EUR/JPY ? Hold long entered at 112.40