EUR/JPY Technical Analysis: remains under pressure above 120.00

• EUR/JPY is extending the sideline theme so far well supported by the 120.00 neighbourhood and always tracking the JPY-dynamics in response to the US-China trade developments.
• The continuation of the leg lower could see the key 100-day SMA near 119.60 re-tested in the short-term horizon ahead of the 55-day SMA at 119.13.
• On the flip side, the resumption of the bullish mood continues to target the area of recent tops in the mid-121.00s.

EUR/JPY daily chart