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  • EUR/JPY has managed to regain some composure after bottoming out in the 117.00 region in past sessions, where important support appears to have emerged.
  • In case sellers regain the initiative, the cross should shift its focus to August low at 116.56 ahead of the 2019 low at 115.86 recorded on September 3rd.
  • On the broader view, the negative stance remains unchanged while below the short-term resistance line, today at 118.96.

EUR/JPY daily chart