Sphyn-Trader

EURJPY: Next goal!

Long
Sphyn-Trader Updated   
OANDA:EURJPY   Euro / Japanese Yen
Until now, the continuation of the upward momentum is likely to result in an immediate target emerging around 160.00 in the short term. The subsequent breakthrough will not encounter any notable resistance levels until reaching the highest point of 2008 at 169.96 on July 23.

As of now, there are positive long-term prospects for the convergence of bullish and bearish trends while on the 200-day SMA, which stands at 146.92 today.
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