{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-finds-support-above-level-131-00-resumes-upward-move\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-finds-support-above-level-131-00-resumes-upward-move\/","headline":"EUR\/JPY Finds Support above Level 131.00, Resumes Upward Move","name":"EUR\/JPY Finds Support above Level 131.00, Resumes Upward Move","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an upward move. In the first uptrend, the currency pair was resisted at level 132.50. The market declines to resume a fresh uptrend. The upward move will resume if price clears the initial resistance at Level 132.50. Meanwhile, on June 23 uptrend; a retraced candle body tested the […]","datePublished":"2021-07-01","dateModified":"2021-07-01","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-Sch.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/EURJPY-Forex-Sch.png","height":684,"width":1102},"url":"https:\/\/forexschoolonline.com\/eur-jpy-finds-support-above-level-131-00-resumes-upward-move\/","about":["Price Action Charts in Focus"],"wordCount":240,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an upward move. In the first uptrend, the currency pair was resisted at level 132.50. The market declines to resume a fresh uptrend. The upward move will resume if price clears the initial resistance at Level 132.50. Meanwhile, on June 23 uptrend; a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that the pair will rise to 2.0 Fibonacci extension or level 135.37. From the price action, the market has reached the high of level 131.00.EUR\/JPY Indicator Analysis EUR\/JPY has fallen to level 42 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and below the centerline 50. The 50-day SMA and 21-day SMA are sloping downward. The currency pair is still in the bearish trend zone as price is below the moving averages.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 pair is in a downward correction as the market indicates bullish signals at the bottom of the chart. Meanwhile, on June 23 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that EUR\/JPY will fall to level 2.0 Fibonacci extensions or level 131.31.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"}