{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-declines-to-level-130-00-low-further-selling-likely-below-the-previous-low\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-declines-to-level-130-00-low-further-selling-likely-below-the-previous-low\/","headline":"EUR\/JPY Declines to Level 130.00 Low, Further Selling Likely below the Previous Low","name":"EUR\/JPY Declines to Level 130.00 Low, Further Selling Likely below the Previous Low","description":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY upward move has been terminated as it faced rejection at level 134.00 resistance. The currency price broke below the moving averages as the market resume selling pressure. Meanwhile, on June 21 downtrend; a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that the pair will fall to level […]","datePublished":"2021-07-08","dateModified":"2021-07-08","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\/07\/EURJPY-FOREX-SHOOL.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/EURJPY-FOREX-SHOOL.png","height":714,"width":1136},"url":"https:\/\/forexschoolonline.com\/eur-jpy-declines-to-level-130-00-low-further-selling-likely-below-the-previous-low\/","about":["Price Action Charts in Focus","Trade Idea"],"wordCount":254,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY upward move has been terminated as it faced rejection at level 134.00 resistance. The currency price broke below the moving averages as the market resume selling pressure. Meanwhile, on June 21 downtrend; a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that the pair will fall to level 2.0 Fibonacci extension or level 125.32.EUR\/JPY Indicator Analysis EUR\/JPY has fallen to level 34 of the Relative Strength Index period 14. It indicates that the pair is approaching the oversold region of the market. RSI is said to be oversold if price falls below level 30. Nonetheless, the currency pair has fallen below the 20% range of the daily stochastic. It indicates that the market is in the oversold region. The pair has reached bearish exhaustion as buyers are likely to emerge. The 50-day SMA and 21-day SMA are sloping downward.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, EUR\/JPY pair is in a downward move. The currency pair has broken below the moving averages as the market resumes a downtrend. Meanwhile, on July 7 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that EUR\/JPY will fall and reverse at level 1.272 Fibonacci extensions or level 129.99.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"}