Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the cross still remains under pressure. Key Quotes “EUR/JPY remains under pressure and attention remains on the 120.00 region but do not have much to suggest a move beyond that currently”. “Key resistance remains the 129.27 2014-16 downtrend line, and while capped here our outlook will remain negative. Initial resistance is the 125.43 base of the cloud”. For more information, read our latest forex news.