EUR/JPY Technical Analysis: Rallies stay limited by the 120.00 region so far

• EUR/JPY has been rejected once again from the 120.00 neighbourhood.
• The inability of retest/surpass this key resistance area in the near term could spark some consolidation and add to the view that a short-term top is in place.
• The continuation of the correction lower should meet the next support at the multi-month support line at 118.60.

EUR/JPY daily chart