EUR/JPY Technical Analysis: Upside looks capped by the 100-day SMA around 119.80

• EUR/JPY met some importamt resistance in the 119.80 region on Friday, coincident with the 10-day SMA and fresh multi-week highs.
• A break above this key level should open the door for a test of September’s peak just beyond 120.00 the figure.
• The continuation of the bullish momentum could impulse the cross to the next target at July’s high at 123.35.

EUR/JPY daily chart