EUR/JPY Price Analysis: Next on the upside comes 131.90

• EUR/JPY advances further north of the 200-day SMA.
• The continuation of the uptrend now targets the 131.90 level.

EUR/JPY gathers extra pace and extends the rally above 131.00 the figure on Thursday.

A convincing move above the 200-day SMA (129.98) should pave the way for extra gains with the immediate target at the weekly high at 131.90 (February 16) prior to the 2022 peak at 133.15 (February 10).

In the meantime, while above the 200-day SMA, the outlook for the cross is expected to remain constructive.

EUR/JPY daily chart