EUR/JPY Technical Analysis: Outlook remains negative below the resistance line at 119.00

• EUR/JPY is fading part of Friday’s advance amidst a softer sentiment around the shared currency and a mild selling bias in JPY.
• If sellers return to the markets, the next support of significance emerges at last week’s lows in the mid-117.00s ahead of 116.56 (low August 26^th).
• On the broader view, while the resistance line at 119.00 caps the upside, the negative stance remains intact.

EUR/JPY daily chart