The March low (10564) has held for 2 days now. As the 4th wave of one less degree, 10564 is an important level. Still, more time is probably needed for the EURJPY to fully correct its advance from the January low. Corrections are difficult to trade due to their variability which is why from a trading standpoint it is useful to simply follow the general 3 wave (A-B-C) pattern. Viewed in this manner, the decline from 11142 probably composes wave A (which may not be complete yet either) of the A-B-C decline. Resistance is 10745 and 10845 (I prefer to short into resistance against 11115). Downside levels of interest ... (full story)