EUR/JPY Technical Analysis: Scope for a test of YTD lows at 117.50

FX Street

Updated: 20 Aug. 2019 | 11:27

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

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