{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-rebounds-but-struggles-below-level-142-29\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-rebounds-but-struggles-below-level-142-29\/","headline":"EUR\/JPY Rebounds but Struggles below Level 142.29","name":"EUR\/JPY Rebounds but Struggles below Level 142.29","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is making an upward correction as it struggles below level 142.29. However, the uptrend is stuck at the 21-day line SMA. The current bullish momentum is likely to continue when price breaks above the 21-day line SMA. On the upside, the Yen will rally to level 145.00 overhead resistances when […]","datePublished":"2022-10-03","dateModified":"2022-10-03","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:\/\/www.forexschoolonline.com\/wp-content\/uploads\/2022\/10\/EURJPYDaily-Chart.png","url":"https:\/\/www.forexschoolonline.com\/wp-content\/uploads\/2022\/10\/EURJPYDaily-Chart.png","height":"536","width":"1017"},"url":"https:\/\/forexschoolonline.com\/eur-jpy-rebounds-but-struggles-below-level-142-29\/","about":["EUR\/JPY","FX Technical Analysis","Price Action Charts in Focus"],"wordCount":267,"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is making an upward correction as it struggles below level 142.29. However, the uptrend is stuck at the 21-day line SMA. The current bullish momentum is likely to continue when price breaks above the 21-day line SMA. On the upside, the Yen will rally to level 145.00 overhead resistances when the 21-day line SMA is overcome. Conversely, the currency pair will be compelled to a range-bound move between the moving average lines when buyers fail to overcome the 21-day line SMA.EUR\/JPY Indicator Analysis The Yen is at level 55 of the Relative Strength Index for period 14. This is because of the recent upward correction. The currency pair is likely to be compelled in a range-bound move if the price is confined between the moving average lines. The moving average lines are sloping horizontally indicating the sideways trend. The Yen is in a bullish momentum as it is above the 70% range of the daily stochastic.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?In the lower time frame, EUR\/JPY is in an uptrend as it struggles below level 142.29. The current uptrend is facing rejection at level 142.29. A break above the resistance at 142.29 will catapult the pair to the high of level 146.36. In the meantime, the Yen is struggling below the resistance at level 142.29.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"}