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  • EUR/JPY is reversing two sessions with gains and has resumed its attention to the area below the 118.00 mark.
  • The current move lower should immediately target 2019 lows in the mid-117.00s (August 12) ahead of 2017 low at 114.85.
  • While below the immediate resistance line at 119.95 caps the upside, the bearish view is expected to persist. Above this area, the downside pressure should subside somewhat.

EUR/JPY daily chart