Trend is down in daily chart of EUR/JPY currency pair. Resistance is present at 141.04 price level. Based on Elliott wave count I expect price to rise to complete Wave c which is going to complete Wave 2. Once price action completes Wave 2 look for a sell trade in EUR/JPY currency pair. However; if price breaks above 141.04 price level then down trend is going to end. In such case I will redo the analysis of EUR/JPY currency pair.
