{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-pushes-to-the-upside-but-faces-rejection-at-level-144-72\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-pushes-to-the-upside-but-faces-rejection-at-level-144-72\/","headline":"EUR\/JPY Pushes to the Upside but Faces Rejection at Level 144.72","name":"EUR\/JPY Pushes to the Upside but Faces Rejection at Level 144.72","description":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair is trading in the bullish trend zone but faces rejection at level 144.72. The currency pair has reached the overbought region of the market. Since June, the currency pair has been facing rejection at level 144.00 overhead resistance. Today, the Yen is declining after facing rejection at\u00a0 level of 144.72. […]","datePublished":"2022-09-11","dateModified":"2022-09-12","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\/09\/EURJPYDaily-Chart-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/EURJPYDaily-Chart-1.png","height":536,"width":1053},"url":"https:\/\/forexschoolonline.com\/eur-jpy-pushes-to-the-upside-but-faces-rejection-at-level-144-72\/","about":["EUR\/JPY","FX Technical Analysis","Price Action Charts in Focus"],"wordCount":267,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: RangingEUR\/JPY pair is trading in the bullish trend zone but faces rejection at level 144.72. The currency pair has reached the overbought region of the market. Since June, the currency pair has been facing rejection at level 144.00 overhead resistance. Today, the Yen is declining after facing rejection at\u00a0 level of 144.72. The sideways move will continue if the pair declines above or below the moving average lines. On the upside, if buyers breach the overhead resistance, the uptrend will resume.EUR\/JPY Indicator Analysis EUR\/JPY is at level 68 of the Relative Strength Index for period 14. It indicates that the Yen has retraced to level 68 after reaching an overbought region at level 74. The 50-day line SMA and the 21-day line SMA are sloping horizontally indicating a sideways trend. The pair is above the 80% range of the daily stochastic. The market has reached the overbought region. The Yen is likely to decline to the previous low.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 upward move but faces rejection at level 144.72. On a weekly chart, a retraced candle body tested the 61.8% Fibonacci retrenchment on May 9. The retracement suggests that EURJPY will rise to level 1.618 Fibonacci extension or level 148.41. From the price action, the Yen is struggling to break the resistance at level 144.00.EUR\/JPY – Weekly 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"}