EUR/JPY Technical Analysis: Immediate target on the upside at 126.00 and above

• EUR/JPY is prolonging the slow up trend today and is now flirting with the key 125.25/30 band, where coincide the 21-day and 55-day SMAs.
• Further upside impulse should meet the next hurdle at the 100-day SMA at 126.02.
• Further north, the cross needs to clear the key short-term resistance line, today at 126.27, to alleviate downside pressure and allow for a chance to visit YTD tops in the mid-127.00s

EUR/JPY daily chart