EUR/JPY Technical Analysis: Daily gains limited by the 10-day SMA near 120.80

• EUR/JPY is trading mostly flat in the second half of the week, with clear support in the 120.40 region for the time being.
• Interim resistance emerges at the 10-day SMA at 120.82 ahead of weekly tops in the 121.40 region. The cross should mitigate downside pressuer on a surpass of the key 55-day SMA at 121.80.
• The negative view on the cross is also reinforced by the short-term resistance line just below 122.00 the figure.

EUR/JPY daily chart