{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-targets-level-141-00\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-targets-level-141-00\/","headline":"EUR\/JPY Surges Ahead as It Targets Level 141.00","name":"EUR\/JPY Surges Ahead as It Targets Level 141.00","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it targets level 141.00. The Yen is expected to reach the previous highs of levels 142.00 and 144.00. However, the currency pair is likely to face rejection as the market reaches the overbought region. On the upside,buyers have failed to keep the price above level […]","datePublished":"2022-09-02","dateModified":"2022-09-02","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.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/09\/EURJPYDaily-Chart.png","height":536,"width":1052},"url":"https:\/\/forexschoolonline.com\/eur-jpy-surges-ahead-as-it-targets-level-141-00\/","about":["EUR\/JPY","Price Action Charts in Focus"],"wordCount":239,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an uptrend as it targets level 141.00. The Yen is expected to reach the previous highs of levels 142.00 and 144.00. However, the currency pair is likely to face rejection as the market reaches the overbought region. On the upside,buyers have failed to keep the price above level 144.00 since June.EUR\/JPY Indicator Analysis EUR\/JPY is at level 60 of the Relative Strength Index for period 14. It indicates that the Yen is in the uptrend zone and may rise. The pair is above the 80% range of the daily stochastic. The market has reached the overbought region. The 50-day line SMA and the 21-day line SMA are sloping upward indicating the uptrend.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-hour chart, EUR\/JPY is in an uptrend as it targets level 141.00. The pair has rallied to an overbought region of the market. On the August 30 uptrend, a retraced candle body tested the 61.8% Fibonacci retrenchment. The retracement suggests that EURJPY will rise to level 1.618 Fibonacci extension or level 141.13. From the price action, the Yen has risen to level 139.91 at the time of writing.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"}