- EUR/JPY remains under heavy downside pressure and continues to navigate the area of decent support around 117.70.
- Further downside is therefore likely and the immediate support emerges in the mid-117.00s, where sits September 12th low ahead of 116.56 (low August 26th).
- On the broader view, while the resistance line at 119.18 caps the upside, the negative stance is seen unchanged.
EUR/JPY daily chart