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EUR/JPY extends the rebound to the boundaries of 158.00 the figure at the beginning of the week.
Considering the ongoing price action, extra upside appears likely in the very near term. That said, the continuation of the uptrend should meet the next hurdle of significance not before the weekly high of 163.09 (August 22 2008).
The ongoing overbought conditions of the cross, however, are indicative that a deeper knee-jerk should not be ruled out at some point in the short-term horizon.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 145.25.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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