EUR/JPY Technical Analysis: Selling pressure could extend to 123.39, mid-January low

• The cross is accelerating the recent breakdown of the key support at 124.00 the figure and threatens to extend the downside further south.
• That said, EUR/JPY now targets the mid-January low at 123.39 ahead of June 2017 low at 122.40.
• The outlook on EUR/JPY is expected to remain bearish while below the short-term resistance line, today at 126.54.

EUR/JPY daily chart