{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-is-range-bound-between-level-129-800-and-130-600-poises-to-resume-uptrend\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-is-range-bound-between-level-129-800-and-130-600-poises-to-resume-uptrend\/","headline":"EUR\/JPY Is Range-bound Between Levels 129.800 And 130.600, Poises To Resume Uptrend","name":"EUR\/JPY Is Range-bound Between Levels 129.800 And 130.600, Poises To Resume Uptrend","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair has been in an uptrend since October 2020. The uptrend has been interrupted in March 2021. On March 18, the currency pair faced rejection at level 130.500. The Yen fell to level 128.500 and resumed a fresh uptrend. Since April, the resistance at level 130.500 is yet to be broken. […]","datePublished":"2021-04-21","dateModified":"2021-04-21","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\/04\/EURJPY-FX-SCHOOL.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/EURJPY-FX-SCHOOL.png","height":603,"width":911},"url":"https:\/\/forexschoolonline.com\/eur-jpy-is-range-bound-between-level-129-800-and-130-600-poises-to-resume-uptrend\/","about":["Price Action Charts in Focus"],"wordCount":255,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair has been in an uptrend since October 2020. The uptrend has been interrupted in March 2021. On March 18, the currency pair faced rejection at level 130.500. The Yen fell to level 128.500 and resumed a fresh uptrend. Since April, the resistance at level 130.500 is yet to be broken. The uptrend will resume if the overhead resistance is breached. On March 18 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 1.618 Fibonacci extension or the high of level 133.93.EUR\/JPY Indicator Analysis The currency pair price is above the 21-day and 50-day SMAs which suggests a further rise in price. The moving averages are pointing northward indicating the uptrend. The Yen is at level 52 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand.EUR\/JPY – Daily ChartTechnical indicators: Major Resistance Levels \u2013 131.00, 132.000, $133.000Major Support Levels \u2013 128.000, 127.000, 126.000What Is the Next Direction for EUR\/JPY)? EUR\/JPY is in a sideways trend. The currency pair has fallen to the lower price range. There is a likelihood of price rising on the upside to retest the overhead resistance at 130.500. On the 4-hour chart, the pair is fluctuating between level 129.800 and 130.600. A break above the resistance will signal the resumption of the uptrend.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"}