EUR/JPY Technical Analysis: Upside still limited by the 122.00 mark

• EUR/JPY is extending the sideline theme and remains below the 122.00 neighbourhood, where coincide the 10-day and 21-day SMAs.
• In case sellers regain the upper hand, extra losses could see 120.95 (June 21 low) re-visited ahead of 120.78 (May lows). Further south emerges the yearly lows in the sub-119.00 region recorded in early January.
• Additionally, the offered bias on the cross remains intact below the short-term resistance line, today at 123.02.

EUR/JPY daily chart