EUR/JPY Technical Analysis: The 117.00 area offers strong support

FX Street

Updated: 8 Oct. 2019 | 11:37

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 3^rd.
On the broader view, the negative stance remains unchanged while below the short-term resistance line, today at 118.96.

EUR/JPY daily chart

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