EUR/JPY Price Analysis: Next target is located around 130.50

• EUR/JPY remains firm and reclaims the 130.00 yardstick.
• Further upside could see the mid-130.00s re-tested.

The recovery in EUR/JPY looks well and sound around the psychological 130.00 neighbourhood, clinching the third daily advance in a row.

A sustainable surpass of 130.00 should expose the minor hurdle at the 55-day SMA at 130.17 ahead of the 130.56/67 band, where sits the July 29 high and a Fibo level.

Above the 200-day SMA (129.25), the outlook for EUR/JPY is seen as constructive.

EUR/JPY daily chart