{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-consolidates-ahead-of-a-breakout\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-consolidates-ahead-of-a-breakout\/","headline":"EUR\/JPY Consolidates Ahead Of A Breakout!","name":"EUR\/JPY Consolidates Ahead Of A Breakout!","description":"EUR\/JPY moves sideways in the short term. The price could explode soon after ending its current narrow range. The pair dropped a little as the Nikkei (JP225) plunged. JP225\u2019s growth could force the Japanese Yen to depreciate again. The Euro-zone Industrial Production is expected to drop by 0.3% after a 0.1% drop in the previous […]","datePublished":"2021-08-12","dateModified":"2021-08-12","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"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:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","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\/08\/EURJPY_2021-08-12_11-24-19.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/08\/EURJPY_2021-08-12_11-24-19.png","height":851,"width":1834},"url":"https:\/\/forexschoolonline.com\/eur-jpy-consolidates-ahead-of-a-breakout\/","about":["EUR\/JPY"],"wordCount":188,"keywords":["eurjpy","Forex","Technical Analysis","Trade Setup"],"articleBody":"EUR\/JPY moves sideways in the short term. The price could explode soon after ending its current narrow range. The pair dropped a little as the Nikkei (JP225) plunged. JP225\u2019s growth could force the Japanese Yen to depreciate again.The Euro-zone Industrial Production is expected to drop by 0.3% after a 0.1% drop in the previous reporting period. On the other hand, the Japanese PPI increased by 5.6% versus 5.1% expected.EUR\/JPY Technical Analysis!EUR\/JPY has managed to jump above the downtrend line and now it tries to consolidate above the ascending pitchfork\u2019s lower median line (lml). It\u2019s located below the weekly pivot point (129.72).Jumping and stabilizing above it could signal further growth at least until the triangle\u2019s resistance. Only a valid breakout from the current chart pattern could signal an important upwards movement.Technically, the bullish scenario could be invalidated by a valid breakdown below the ascending pitchfork\u2019s lower median line (LML). Note: ForexSchoolOnline 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."}