EUR/JPY Technical Analysis: Decline halted at key support near 120.80

• The cross is now looking to regain some ground lost in past sessions and is flirting with the key barrier at 121.00 the figure.
• The multi-session leg lower met strong contention in the 120.80 region on Thursday, matching the lowest level recorded in June.
• On the way south, there are no relevant levels until 2019 lows in the sub-119.00 zone seen in early January.
• Below the multi-month resistance line at 122.43 the negative outlook should remain unchanged in the near term.

EUR/JPY daily chart