EUR/JPY Technical Analysis: Outlook remains offered below the resistance line at 126.10

• The recent up move in EUR/JPY appears to have met a tough resistance area around 125.60.
• The resumption of the bullish sentiment should meet initial target at the 100-day SMA at 125.92 ahead of the key short-term resistance line, today at 126.10. A breakout of this area is needed to alleviate downside pressure.
• Once and if cleared, 2019 highs in the 127.50 region should return to the radar.

EUR/JPY daily chart