FxWirePro: EUR/JPY breaks above 100-DMA, good to go long on dips

• Fed hike prospects keep USD supported and weigh on the Japanese yen. 
   
• Yen markets also appear to have ignored upbeat Japanese CPI figures.
   
• EUR/JPY extends upside after breach of 20-DMA resistance on Thursday's trade.
   
• Upside intact as long as 20-DMA support holds, scope for test of trendline resistance at 115.65.
   
• Major support levels - 114.62 (100-DMA) 114.41 (20-DMA), 114.23 (50-DMA), 114 (5-DMA), 113.70 (Oct 27 low)) 
   
• Major resistance levels - 115, 115.65 (trendline), 116, 116.14 (110-EMA)
   
• Focus on Eurozone Business Climate and German inflation data due ahead in the EU session.
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Recommendation: Good to go long on dips around 114.65/70, SL: 114, TP: 115/ 115.65/ 116