EUR/JPY Technical Analysis: Upside remains firm. Next stop at the 100-day SMA at 120.90

• EUR/JPY continues its move north at the end of the week, retaking the 120.00 handle for the first time after August 1^st.
• The cross is now flirting with the multi-month resistance line in the 119.80 zone. A sustainable break above this area should alleviate downside pressure an d allow for extra gains in the near term.
• The next target on the upside is now located at 120.90, where sits the key 100-day SMA ahead of late July peaks in the 121.40 area.

EUR/JPY daily chart