{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-is-stuck-below-level-130-00-as-market-shows-stability-of-price\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-is-stuck-below-level-130-00-as-market-shows-stability-of-price\/","headline":"EUR\/JPY Is Stuck Below Level 130.00 as Market Shows Stability of Price","name":"EUR\/JPY Is Stuck Below Level 130.00 as Market Shows Stability of Price","description":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair has been fluctuating between levels 128.30 and 130.50 for the past three months. The bears have retested the lower price range on three occasions but were repelled. Buyers have retested the upper price range on three unsuccessful attempts to break above it. Today, the market is resuming upward revisiting the […]","datePublished":"2021-10-07","dateModified":"2021-10-07","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\/10\/EURJPYDaily-Chart.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/10\/EURJPYDaily-Chart.png","height":547,"width":1009},"url":"https:\/\/forexschoolonline.com\/eur-jpy-is-stuck-below-level-130-00-as-market-shows-stability-of-price\/","about":["EUR\/JPY","Price Action Charts in Focus"],"wordCount":252,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair has been fluctuating between levels 128.30 and 130.50 for the past three months. The bears have retested the lower price range on three occasions but were repelled. Buyers have retested the upper price range on three unsuccessful attempts to break above it. Today, the market is resuming upward revisiting the previous highs. The currency pair will resume an uptrend if price breaks above level 130.00.EUR\/JPY Indicator Analysis EUR\/JPY pair is at level 44 of the Relative Strength Index period 14. It indicates that the market is in the downtrend zone and below the centerline 50. The pair is capable of falling on the downside. The pair is above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum.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? On the 4-hour chart, the pair is in a downward move as price breaks below the moving averages. The currency pair fell to level 128.45 twice before resuming upward. The pair will resume an uptrend if price breaks above the moving averages. Meanwhile, on October 4 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 2.618 Fibonacci extension or level 130.72.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"}