{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-downtrend-targets-level-125-97\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-downtrend-targets-level-125-97\/","headline":"EUR\/JPY Is In a Downtrend, Targets Level 125.97","name":"EUR\/JPY Is In a Downtrend, Targets Level 125.97","description":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY is now in a downtrend. The currency pair faced rejection at level 134.00 and it retraced to level 133.00. After a retest at level 133.50, the market declined to level 130.00 and corrected upward. The selling pressure will persist as price breaks below the previous low. Meanwhile, on June 21 downtrend; […]","datePublished":"2021-07-15","dateModified":"2021-07-15","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-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/EURJPY-FOREX-SCH-1.png","height":605,"width":987},"url":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-downtrend-targets-level-125-97\/","about":["Price Action Charts in Focus"],"wordCount":275,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BearishEUR\/JPY is now in a downtrend. The currency pair faced rejection at level 134.00 and it retraced to level 133.00. After a retest at level 133.50, the market declined to level 130.00 and corrected upward. The selling pressure will persist as price breaks below the previous low. 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 extensions or level 125.97. From the price action, the pair has declined to level 130.06EUR\/JPY Indicator Analysis EUR\/JPY has fallen to level 36 of the Relative Strength Index period 14. It indicates that the pair is approaching the oversold region of the market. The 50-day SMA and 21-day SMA are sloping downward. The moving averages have bearish crossovers as the 21-day SMA crosses over the 50-day SMA. Nonetheless, the EUR\/JPY pair has fallen below the 20% range of the daily stochastic. It indicates that the market is in the oversold region.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 move. On the 4-hour chart, the pair makes upward correction but was rejected at level 132.00. This indicates a further downward movement of the pair. Meanwhile, on June 21 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that EUR\/JPY will fall at level 2.618 Fibonacci extensions or level 124.26.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"}