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8 Oct 2019
EUR/JPY Technical Analysis: The 117.00 area offers strong support
- 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
