{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-fluctuates-between-145-00-and-148-00-as-it-attempt-to-breach-148-00-high\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-fluctuates-between-145-00-and-148-00-as-it-attempt-to-breach-148-00-high\/","headline":"EUR\/JPY Fluctuates Between 145.00 and 148.00 as Buyers Attempt to Breach 148.00 High","name":"EUR\/JPY Fluctuates Between 145.00 and 148.00 as Buyers Attempt to Breach 148.00 High","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is trading above the moving average lines as buyers attempt to breach 148.00 high. On November 3, the Yen pulled back after falling below the 21-day line SMA. Retesting the resistance at 148.00 is now in order for the pair. The currency pair has been bouncing below the barrier level […]","datePublished":"2022-11-06","dateModified":"2022-11-06","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\/11\/EURJPYDaily-Chart-.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/11\/EURJPYDaily-Chart-.png","height":536,"width":1018},"url":"https:\/\/forexschoolonline.com\/eur-jpy-fluctuates-between-145-00-and-148-00-as-it-attempt-to-breach-148-00-high\/","about":["EUR\/JPY","FX Technical Analysis"],"wordCount":322,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is trading above the moving average lines as buyers attempt to breach 148.00 high. On November 3, the Yen pulled back after falling below the 21-day line SMA. Retesting the resistance at 148.00 is now in order for the pair. The currency pair has been bouncing below the barrier level ever since October 18. When the resistance level was tested again, the pair would fall below the 144.00 breakout level each time. To continue an uptrend, the currency pair will be propelled above level 144.00 support. The market is overbought where the Yen is now trading. On the plus side, the market will rise to 152.60 if the bulls break through the most recent high. If price drops below the moving average lines, the downtrend will resume. The Yen will fall to support level 138.00.EUR\/JPY Indicator Analysis The EUR\/JPY pair is in an upward trend for period 14 at a Relative Strength Index level of 55. It has now entered the zone of overbuying. The moving average lines are considerably above the currency price bars, suggesting that the pair will go upward. After rising beyond the daily Stochastic’s 80% range, the Yen has now crossed into the overbought area of the market. It is implied that the current bullish upsurge has peaked.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?As it approaches level 148.00, buyers attempt to breach 148.00 high. At level 148.00, the upswing is currently paralyzed. The price of the Yen is currently ranging between levels 145.00 and 148.00. If buyers manage to sustain the price above the level of 148.00, the market will start moving higher again. If not, the selling pressure will pick back up.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"}