{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-declines-as-it-faces-rejection-at-level-133-600\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-declines-as-it-faces-rejection-at-level-133-600\/","headline":"EUR\/JPY Declines as It Faces Rejection at  level 133.600","name":"EUR\/JPY Declines as It Faces Rejection at  level 133.600","description":"EUR\/JPY Long-Term Analysis: BullishThe currency pair is in an uptrend. The price is falling after reaching the high of level 133.61. Presently, the pair is retracing on the downside. Meanwhile, on April 29 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 1.618 Fibonacci […]","datePublished":"2021-05-27","dateModified":"2021-05-27","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\/05\/EURJPY-FOREX-SCH.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/EURJPY-FOREX-SCH.png","height":583,"width":904},"url":"https:\/\/forexschoolonline.com\/eur-jpy-declines-as-it-faces-rejection-at-level-133-600\/","about":["Price Action Charts in Focus"],"wordCount":247,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishThe currency pair is in an uptrend. The price is falling after reaching the high of level 133.61. Presently, the pair is retracing on the downside. Meanwhile, on April 29 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 1.618 Fibonacci extensions or the high of level 134.17.EUR\/JPY Indicator Analysis EUR\/JPY has risen to level 64 of the Relative Strength Index period 14. It indicates that the pair is in the uptrend zone but it is approaching the overbought region. It has no enough room to rally on the upside as the pair reaches the oversold region of the market. The 21-day and 50-day SMAs are sloping northward indicating the uptrend.EUR\/JPY – Daily ChartTechnical indicators: Major Resistance Levels \u2013 131.00, 132.000, 133.000Major Support Levels \u2013 128.000, 127.000, 126.000What Is the Next Direction for EUR\/JPY? The Euro and the Japanese Yen are in a downward move. The pair faces rejection from the high of level 133.60. On the 4 – Hour chart, the EUR\/JPY pair is falling. On May 25 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.618 Fibonacci extensions or level 132.81. From the price action, the price declined and found support above\u00a0 SMAs.EUR\/JPY – 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"}