EUR/JPY Technical Analysis: Remains under pressure and stays supported near 117.70

EUR/JPY is attempting a mild recovery after testing the key weekly support in the 117.70 region.
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 broader view, while the resistance line at 119.39 caps the upside, the negative stance is seen unchanged.

Pablo Piovano FXStreet

EUR/JPY daily chart

EUR/JPY

Overview
Today last price	118.08
Today Daily Change	38
Today Daily Change %	0.08
Today daily open	117.98

Trends
Daily SMA20	118.29
Daily SMA50	118.85
Daily SMA100	120.53
Daily SMA200	122.9

Levels
Previous Daily High	118.56
Previous Daily Low	117.88
Previous Weekly High	119.83
Previous Weekly Low	118.45
Previous Monthly High	120.72
Previous Monthly Low	116.57
Daily Fibonacci 38.2%	118.14
Daily Fibonacci 61.8%	118.3
Daily Pivot Point S1	117.73
Daily Pivot Point S2	117.47
Daily Pivot Point S3	117.05
Daily Pivot Point R1	118.4
Daily Pivot Point R2	118.82
Daily Pivot Point R3	119.08

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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