EUR/JPY Technical Analysis: Weekly support emerged near 117.70

• EUR/JPY is struggling for direction following a negative start of the week, managing to regain the 118.00 handle and above after bottoming near 117.70 on Monday.
• In case sellers regain the upper hand, the next target should emerge in the mid-117.00s, where sits September 12^th low ahead of 116.56 (low August 26^th).
• On the upside, the short-term resistance line at 119.62 keeps capping the upside on a daily basis. A surpass of this hurdle should alleviate the downside pressure somewhat and allow for a visit to the 120.00 level and beyond.

EUR/JPY daily chart