{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-jpy-upward-correction-attracts-sellers-at-level-132-60\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-jpy-upward-correction-attracts-sellers-at-level-132-60\/","headline":"EUR\/JPY Upward Correction Attracts Sellers at Level 132.60","name":"EUR\/JPY Upward Correction Attracts Sellers at Level 132.60","description":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an upward move as price breaks the 50-day SMA. Uptrend proper will arise when price breaks above the moving averages. The upward move is currently facing resistance at the recent high. In the previous downtrend, a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that […]","datePublished":"2021-06-24","dateModified":"2021-06-24","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\/2021\/06\/EURJPY-FOREX-SCH-2.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/EURJPY-FOREX-SCH-2.png","height":681,"width":1117},"url":"https:\/\/forexschoolonline.com\/eur-jpy-upward-correction-attracts-sellers-at-level-132-60\/","about":["FX Technical Analysis","Price Action Charts in Focus","Trade Idea"],"wordCount":244,"keywords":["EUR\/JPY","Price Analysis"],"articleBody":"EUR\/JPY Long-Term Analysis: BullishEUR\/JPY pair is in an upward move as price breaks the 50-day SMA. Uptrend proper will arise when price breaks above the moving averages. The upward move is currently facing resistance at the recent high. In the previous downtrend, a retraced candle body tested the 50% Fibonacci retracement. The retracement indicates that the pair will fall to 2.0 Fibonacci extension. The market has tested the Fibonacci level and moved up. Presently, the price is retracing from the recent high.EUR\/JPY Indicator Analysis EUR\/JPY has fallen to level 47 of the Relative Strength Index period 14. It indicates that the pair is in the downtrend zone and below the centerline 50. The price bars have broken above the 50-day SMA. A break above the moving averages will compel the pair to resume an upward move.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 pair is in an upward move but the uptrend is facing rejection at level 132.70. The currency pair is falling after rejection from level 132.70. Meanwhile, on June 23 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that EUR\/JPY will fall to level 2.0 Fibonacci extensions or level 131.80.EUR\/JPY – 1 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"}