{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/yuppy-seeks-support-to-aim-for-higher-levels\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/yuppy-seeks-support-to-aim-for-higher-levels\/","headline":"Yuppy Seeks Support to Aim for Higher Levels","name":"Yuppy Seeks Support to Aim for Higher Levels","description":"EURJPY Key LevelsResistance: 132.000, 131.000Support: 129.500, 128.500EURJPY commonly known as Yuppy has been very bullish all through the year. It has continuously retraced to create support to push up to higher prices. It has bounced on the lower border of the ascending channel neatly and has propelled towards higher prices. What to Expect From EURJPYEURJPY […]","datePublished":"2021-05-06","dateModified":"2021-05-06","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\/05\/1-day-3.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/1-day-3.png","height":617,"width":1006},"url":"https:\/\/forexschoolonline.com\/yuppy-seeks-support-to-aim-for-higher-levels\/","about":["Article","charts","Forex Strategies","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Trade Setups","Trading strategy"],"wordCount":294,"keywords":["eurjpy","Price Chart","Technical Analysis","Yuppy"],"articleBody":"EURJPY Key LevelsResistance: 132.000, 131.000Support: 129.500, 128.500EURJPY commonly known as Yuppy has been very bullish all through the year. It has continuously retraced to create support to push up to higher prices. It has bounced on the lower border of the ascending channel neatly and has propelled towards higher prices. What to Expect From EURJPYEURJPY is once again retracing like it has done multiple times to seek higher prices. It is currently resting on a resistance level at 131.000. The resistance level might just perform the role of a new support where price might just bounce upward to continue moving higher. It also could go below the resistance level to use the lower border of the ascending channel as a support.The 9 MA (Moving Average) is currently switching sides to go above the bearish candles which shows EURJPY retracement on the daily chart.On the daily chart, Stochastic has moved from an overbought region where the candles were at the upper border of the ascending channel on the 29th of April and have dropped to 62.21 as of the time of writing which also shows EURJPY retracement.On the 4-hour chart, the moving average has completely switched sides from below the candles to the upper side showing the drop in price into a resistance level at 131.000The Stochastic is already in the oversold region at 14.26 which shows it is very ready for a buy. As the ascending channel remains a potential support to push the price higher, the previous resistance level at 131.000 might just be sufficient support to propel EURJPY to the next resistance level at 132.000Note: 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."}