{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-rallied-to-a-high-of-level-140-27\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-rallied-to-a-high-of-level-140-27\/","headline":"EUR\/JPY Surges Ahead as It Rallied to a High of Level 140.27","name":"EUR\/JPY Surges Ahead as It Rallied to a High of Level 140.27","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it reaches the high of level 140.27. The Yen has risen to an overbought region of the market. Meanwhile, on March 28 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 1.272 Fibonacci extension […]","datePublished":"2022-06-04","dateModified":"2022-06-04","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\/EURJPY_Daily-Chart-June-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/06\/EURJPY_Daily-Chart-June-3.png","height":536,"width":1052},"url":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-rallied-to-a-high-of-level-140-27\/","about":["Price Action Charts in Focus"],"wordCount":277,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it reaches the high of level 140.27. The Yen has risen to an overbought region of the market. Meanwhile, on March 28 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that EUR\/JPY will rise to level 1.272 Fibonacci extension or level 140.62. From the price action, the Yen has reached the Fibonacci extension and may break above it.EUR\/JPY – Daily ChartTechnical indicators: Major Resistance Levels \u2013 133.00, 134.000, 135.000Major Support Levels \u2013 128.000, 127.000, 126.000EUR\/JPY Indicator Analysis The Yen is at level 66 of the Relative Strength Index for period 14. The pair will reach the overbought region at level 70. It is in the bullish trend zone and capable of a further upward move. The price bars are above the moving averages indicating that the Yen will rise. Also, it is above the 80% range of the daily stochastic. The Yen has reached the overbought region as per the daily stochastic.What Is the Next Direction for EUR\/JPY?Since May 12, EUR\/JPY has been in an upward move as it reaches the high of level 140.27. The Yen price has been making a series of higher highs and higher lows. The currency pair has risen to the high of level 140.14. The current uptrend may terminate if the Yen reaches an overbought region of the market. In other words, the uptrend will terminate if price breaks below the moving averages or the trend line.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"}