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EUR/JPY resumes the upside after a 2-day hiccup and advances to fresh YTD tops past 157.00 the figure on Tuesday.
Considering the ongoing price action, further gains appear on the cards in the very near term. That said, the continuation of the uptrend should meet the next hurdle of note at 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 144.89.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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