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EURJPY Daily Elliott 19 Sept 2011

EURJPY Daily Elliott 19 Sept 2011
Despite returning last week to 106.99, after the withdrawal from there kept our bearishness and suggests complete returns of 103.90 there, as the price remains under pressure, suggesting further weakness to 104.50/55 is seen, however, break of said support of 103.90 is needed to confirm recent decline from 123.33 (wave (II) top) has continued to wave (III) of 3 to 103.50 and then at 103.00.

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