EUR/JPY Technical Analysis: Interim support emerged near 120.00

• EUR/JPY has rebounded from recent lows in the boundaries of the 120.00 handle.
• If this key contention area is breached it will expose a potential move to 2019 lows in the sub-119.00 zone recorded in early January.
• Additionally, the negative stance in the cross should persist as long as the 55-day SMA at 121.94 caps the upside.

EUR/JPY daily chart