EUR/JPY Technical Analysis: Upside now targets the 123.00 neighbourhood

• EUR/JPY is up for another session and is navigating weekly highs in the 122.80 region, flirting at the same time with the short-term resistance line at 122.87.
• The rebound from last week’s lows remains well and sound sustained at the same time by Friday’s bullish ‘outside day’.
• Immediately to the upside emerges the next significant hurdle at 123.17, or monthly peaks ahead of 123.75 (May 21 high).

EUR/JPY daily chart