EUR/JPY Technical Analysis: Up move looks to test the resistance line ahead of the 200-day SMA

• The upside momentum in the cross looks unabated so far this week, finding interim resistance in the 129.60 region, where sits the 100-day SMA.
• Positive sentiment around the single currency plus a bias towards the risk-associated complex could lift EUR/JPY beyond the psychological 130.00 handle and break above the 2018 resistance line, today around 130.55.
• If cleared, late July/early August peaks above 131.00 the figure should return to the horizon along with a potential visit to the 200-day SMA at 131.35.

EUR/JPY daily chart

Daily high: 129.70

Daily low: 128.79

Support Levels

S1: 128.63

S2: 127.97

S3: 127.57

Resistance Levels

R1: 129.69

R2: 130.09

R3: 130.75