EUR/JPY Technical Analysis: The rally now targets the 100-day SMA at 119.86

• The recovery in EUR/JPY is gathering extra steam at the end of the week.
• Following the breakout of the key resistance line at 118.75, the cross has accelerated the upside and is now targeting the key 100-day SMA nar 119.90.
• Further up emerges September’s high just above the 120.00 mark.

EUR/JPY daily chart