{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-falls-to-the-oversold-region-as-it-holds-above-level-135-55\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-falls-to-the-oversold-region-as-it-holds-above-level-135-55\/","headline":"EUR\/JPY Falls to the Oversold Region as It Holds Above Level 135.55","name":"EUR\/JPY Falls to the Oversold Region as It Holds Above Level 135.55","description":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY pair is in a downward correction as it holds above level 135.55. The Yen has fallen to the low of level 135.54. The currency pair has broken below the previous low and may further decline to the downside. The current support is the previous low of April 26. The upward move […]","datePublished":"2022-07-31","dateModified":"2022-07-31","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\/2022\/07\/EURJPYDaily-Chart-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/07\/EURJPYDaily-Chart-3.png","height":545,"width":1079},"url":"https:\/\/forexschoolonline.com\/eur-jpy-falls-to-the-oversold-region-as-it-holds-above-level-135-55\/","about":["EUR\/JPY"],"wordCount":228,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY pair is in a downward correction as it holds above level 135.55. The Yen has fallen to the low of level 135.54. The currency pair has broken below the previous low and may further decline to the downside. The current support is the previous low of April 26. The upward move will resume if the current support will hold. EUR\/JPY Indicator Analysis EUR\/JPY is at level 37 of the Relative Strength Index for period 14. It indicates that the altcoin is in the downtrend zone as it approaches the oversold region. The Yen is below the 20% range of the daily stochastic. The Yen has reached the oversold region. Further selling is unlikely as the market reaches the oversold region. The 50-day line SMA and the 21-day line SMA 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?EUR\/JPY is in a downward move\u00a0 as it holds above level 135.55. On July 28, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that EURJPY will fall but reverse at level 1.272 Fibonacci extension or level 135.55.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"}