{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-sideways-move-as-it-challenges-level-148-00\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-sideways-move-as-it-challenges-level-148-00\/","headline":"EUR\/JPY Is in a Sideways Move as It Challenges Level 148.00","name":"EUR\/JPY Is in a Sideways Move as It Challenges Level 148.00","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in the bullish trend zone as it challenges level 148.00 . Since October 18, the currency pair has been fluctuating below the resistance level. Each time the resistance level is retested, the pair would decline above the breakout level of 144.00. The currency pair is propelled above level 144.00 […]","datePublished":"2022-11-01","dateModified":"2022-11-01","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\/2022\/11\/EURJPY_Daily-Chart.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/11\/EURJPY_Daily-Chart.png","height":536,"width":1017},"url":"https:\/\/forexschoolonline.com\/eur-jpy-is-in-a-sideways-move-as-it-challenges-level-148-00\/","about":["EUR\/JPY","FX Technical Analysis"],"wordCount":277,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in the bullish trend zone as it challenges level 148.00 . Since October 18, the currency pair has been fluctuating below the resistance level. Each time the resistance level is retested, the pair would decline above the breakout level of 144.00. The currency pair is propelled above level 144.00 supports to resume uptrend. The Yen is trading in the overbought region of the market. On the plus side, if the bulls breach the recent high, the market will rally to level 152.60. The downtrend will resume if price breaks below the moving average lines. The Yen will decline to level 138.00 support.EUR\/JPY Indicator Analysis For period 14, EUR\/JPY is in an uptrend at Relative Strength Index level 60. It is currently reaching the overbought territory. The currency price bars are well above the moving average lines, indicating that the pair will advance further. The Yen has entered the market’s overbought zone after crossing above the 80% range of the daily Stochastic. The implication is that the present bullish upsurge has hit its limit.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 an uptrend as it challenges level 148.00. The current uptrend is stuck at level 148.00. Presently, the Yen is fluctuating between level 145.00 and 148.00 price levels. The market will resume upward if buyers keep the price above the level 148.00. Otherwise, the selling pressure will resume.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"}