EUR/JPY Technical Analysis: Weekly support emerged near 117.70

EUR/JPY is struggling for direction following a negative start of the week, managing to regain the 118.00 handle and above after bottoming near 117.70 on Monday.
In case sellers regain the upper hand, the next target should emerge in the mid-117.00s, where sits September 12^th low ahead of 116.56 (low August 26^th).
On the upside, the short-term resistance line at 119.62 keeps capping the upside on a daily basis. A surpass of this hurdle should alleviate the downside pressure somewhat and allow for a visit to the 120.00 level and beyond.

EUR/JPY daily chart

Sep 24, 2019

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