EUR/JPY Technical Analysis: Deeper pullback could see 108.23 re-tested

• EUR/JPY is navigating in fresh 2019 lows in the 118.60 region following a strong pick up in the demand ofr the Japanese safe haven post-new tariffs.
• Immediately to the downside emerges the next relevant support at February 2017 low at 118.23 ahead of 2017 low at 114.85 (April 17).
• While below recent tops at 121.38, the cross is expected to remain under heavy downside pressure.

EUR/JPY daily chart