EUR/JPY Technical Analysis: Negative view unchanged below 120.00

• EUR/JPY remains under pressure and navigating the area below the 119.00 handle so far on Friday, extending the leg lower after weekly tops just ahead of 120.00 the figure (Tuesday).
• While below the immediate resistance line, today ay 120.59, the offered bias is seen intact. This hurdle is also reinforced by the proximity of the 21-day SMA at 120.26 and weekly top at 119.87.
• Further downside is expected to initially test YTD lows in the 117.70/65 band (August 5) ahead of April 2017 lows around 114.80.

EUR/JPY daily chart