Home EUR/JPY Technical Analysis: Remains under pressure and stays supported near 117.70

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EUR/JPY Technical Analysis: Remains under pressure and stays supported near 117.70

FX Street

Published date: 25 Sep. 2019 | 10:37

EUR/JPY is attempting a mild recovery after testing the key weekly support in the 117.70 region.
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 broader view, while the resistance line at 119.39 caps the upside, the negative stance is seen unchanged.

EUR/JPY daily chart

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