{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-battles-the-overhead-resistance-at-level-130-00-may-resume-upward\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-battles-the-overhead-resistance-at-level-130-00-may-resume-upward\/","headline":"EUR\/JPY Battles the Overhead Resistance at Level 130.00, May Resume Upward","name":"EUR\/JPY Battles the Overhead Resistance at Level 130.00, May Resume Upward","description":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair is in an upward move in a ranging market. The brief uptrend on September 28 was stalled at the resistance of 130.00. The pair retraced to the low of level 129.67 and began a fresh uptrend. Since July, buyers have not been able to break the overhead resistance at level […]","datePublished":"2021-09-30","dateModified":"2021-09-30","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/EURJPY_2021-09-29_23-31-09.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/EURJPY_2021-09-29_23-31-09.png","height":592,"width":1222},"url":"https:\/\/forexschoolonline.com\/eur-jpy-battles-the-overhead-resistance-at-level-130-00-may-resume-upward\/","about":["EUR\/JPY","FX Technical Analysis","Price Action Charts in Focus"],"wordCount":289,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair is in an upward move in a ranging market. The brief uptrend on September 28 was stalled at the resistance of 130.00. The pair retraced to the low of level 129.67 and began a fresh uptrend. Since July, buyers have not been able to break the overhead resistance at level 130.00. If the overhead resistance is breached, it will signal the resumption of the uptrend. Meanwhile, on September 28 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise but reverse at level 1.272 Fibonacci extension or level 131.12. EUR\/JPY Indicator Analysis The currency pair has a bullish crossover. That is, the 21-day SMA crosses above the 50-day SMA which indicates a buy signal. EUR\/JPY pair is at level 54 of the Relative Strength Index period 14. It indicates that the market is in the uptrend zone and above the centerline 50. Presently, the pair has fallen below the 20% range of the daily stochastic. It has reached the oversold region. The stochastic bands are sloping horizontally.EUR\/JPY – Daily ChartTechnical indicators: Major Resistance Levels \u2013 133.00, 134.000, 135.000Major Support Levels \u2013 128.000, 127.000, 126.000What Is the Next Direction for EUR\/JPY? On the 4-hour chart, the pair is in an upward move in a ranging market. Following its rejection at the 130.00 high, the market declined to level 129.73 and resumed consolidation above the current support. Meanwhile, on September 28 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 2.618 Fibonacci extension or level 132.15.EUR\/JPY \u2013 4 Hour ChartNote: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}