EUR/JPY Technical Analysis: The cross remains firm. Next stop at the 200-day SMA above 122.00

• The rally in EUR/JPY remains well in place so far, tracking the solid performance of the European currency and the persistent offered bias in the Japanese safe haven.
• The cross has briefly printed fresh 3-month tops in the 121.30/35 band on Thursday, area coincident the late July tops, just to give away some gains afterwards.
• However, the near term bullish outlook in the cross looks solid and targets the critical 200-day SMA in the 122.30 region.

EUR/JPY daily chart