EUR/JPY Price Analysis: Re-targets the 200-day SMA

• EUR/JPY moves to 2-day highs past the 129.00 level.
• Next on the upside awaits the key 200-day SMA (129.71).

EUR/JPY regains the smile and the buying interest and advances further north of 129.00 the figure at the beginning of the week.

The continuation of the recovery meets interim resistance at the 55-day SMA near 129.50 ahead of the more relevant 200-day SMA in the 129.70 area. Above the latter, the recent peaks in the mid-130.00s should start emerging on the horizon.

The near-term outlook for the cross remains bearish while below the critical 200-day SMA, today at 129.71.

EUR/JPY daily chart