{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-resumes-uptrend-as-it-finds-support-above-level-138-00\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-resumes-uptrend-as-it-finds-support-above-level-138-00\/","headline":"EUR\/JPY Resumes Uptrend as It Finds Support above Level 138.00","name":"EUR\/JPY Resumes Uptrend as It Finds Support above Level 138.00","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is trading in the bullish trend zone as it Finds Support above Level 138.00. The Yen has retraced above the 21-day line SMA after facing rejection at level 144.18. The pair has resumed its upward move above the moving averages. The currency pair will revisit the previous highs of level […]","datePublished":"2022-06-17","dateModified":"2022-06-17","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\/06\/EURJPYDaily-Chart-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/06\/EURJPYDaily-Chart-1.png","height":536,"width":1047},"url":"https:\/\/forexschoolonline.com\/eur-jpy-resumes-uptrend-as-it-finds-support-above-level-138-00\/","about":["EUR\/JPY","FX Technical Analysis","Price Action Charts in Focus"],"wordCount":267,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is trading in the bullish trend zone as it Finds Support above Level 138.00. The Yen has retraced above the 21-day line SMA after facing rejection at level 144.18. The pair has resumed its upward move above the moving averages. The currency pair will revisit the previous highs of level 144.18. However, if the bears break below the moving averages, the downtrend will resume. EUR\/JPY is trading at level 140.32 as of press time.EUR\/JPY Indicator Analysis The Yen is at level 55 of the Relative Strength Index for period 14. The pair is trading now in the bullish trend zone. The Yen is capable of a further upward move. The currency price bars are above the moving averages indicating a possible rise of the pair. The Yen is above the 40% range of the daily stochastic. The market has resumed 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 \u2013 hour chart, EUR\/JPY is in an upward move as it Finds Support above Level 138.00. The price breaks above the 21-day line moving average to resume uptrend. The previous downtrend has subsided as it rebounded above level 138.00. The Yen is above the 21-day line SMA but below the 50-day line SMA. A break above the 50-day line will signal the resumption of the uptrend.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"}