EUR/JPY Technical Analysis: The cross risks a pullback to the mid-117.00s

• 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 12^th low ahead of 116.56 (low August 26^th).
• On the broader view, while the resistance line at 119.18 caps the upside, the negative stance is seen unchanged.

EUR/JPY daily chart