EUR/JPY Technical Analysis: Upside momentum gathers traction beyond the 125.00 handle

• EUR/JPY has left behind yesterday’s negative day and has now retaken the critical barrier at 125.00 the figure and keeps pushing higher.
• That said, the cross is now flirting with the 21-day and 55-day SMAs in the 125.25/30 band ahead of the more relevant 100-day SMA at 126.08.
• In order to confirm the upside, the cross needs to clear the key short-term resistance line, today at 126.39, to alleviate downside pressure.

EUR/JPY daily chart