{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-breaks-the-overhead-resistance-at-144-00\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-breaks-the-overhead-resistance-at-144-00\/","headline":"EUR\/JPY Surges Ahead as It Breaks the Overhead Resistance at 144.00","name":"EUR\/JPY Surges Ahead as It Breaks the Overhead Resistance at 144.00","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it breaks the overhead resistance at 144.00. The Yen has risen to level 147.19 at the time of writing. There is a likelihood of further rise of the currency pair. On October 5 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The […]","datePublished":"2022-10-21","dateModified":"2022-10-21","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\/2022\/10\/EURJPYDaily-Chart-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/10\/EURJPYDaily-Chart-2.png","height":575,"width":1017},"url":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-breaks-the-overhead-resistance-at-144-00\/","about":["EUR\/JPY","FX Technical Analysis","Price Action Charts in Focus"],"wordCount":255,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it breaks the overhead resistance at 144.00. The Yen has risen to level 147.19 at the time of writing. There is a likelihood of further rise of the currency pair. On October 5 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the pair will rise to level 1.2618 Fibonacci extension or level 149.40. From the price action, the Yen has reached a level of 147.30.EUR\/JPY Indicator Analysis EUR\/JPY is in the uptrend zone at level 68 of the Relative Strength Index for period 14. Presently, it is approaching the overbought region. The currency price bars are well above the moving average lines indicating a further rise of the pair. The Yen has reached the overbought region of the market as it reaches above 80% range of the daily Stochastic. The implication is that the current uptrend has reached bullish exhaustion.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 a smooth uptrend as it breaks the overhead resistance at 144.00. Buyers have reached level 147.00 and finding penetration difficult at the recent high. The Yen will continue the uptrend once the current resistance is breached. Buyers are expected to reach the level 149.00 price level.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"}