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

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

<p>Despite intra-day marginal rise to 113.68 (yesterday?s high was 113.65), lack of follow through buying and current retreat suggest caution on our long position entered at 112.40 and yesterday?s low at 112.91 needs to hold to retain bullishness for another upmove towards resistance at 114.02. Looking ahead, only break of<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/lPKrr02oDtU" height="1" width="1"/>

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