{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-consolidates-below-the-164-00-threshold\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-consolidates-below-the-164-00-threshold\/","headline":"EURJPY Consolidates Below the 164.00 Threshold","name":"EURJPY Consolidates Below the 164.00 Threshold","description":"The EURJPY market previously rebounded off the technical support last Friday. The market, however, currently lurks below the 164.00 threshold. As a result, this pair trades below key technical landmarks which may limit additional price increases in subsequent sessions. Key Price Levels: Resistance Levels: 164.00, 166.00, 168.00 Support Levels: 163.00, 161.00, 158.00 EURJPY Bullish Momentum […]","datePublished":"2024-12-26","dateModified":"2024-12-26","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\/12\/euro-1976630_1280.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/12\/euro-1976630_1280.jpg","height":682,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurjpy-consolidates-below-the-164-00-threshold\/","about":["Price Action Charts in Focus"],"wordCount":248,"keywords":["eurjpy","Forex","Technical Analysis"],"articleBody":"The EURJPY market previously rebounded off the technical support last Friday. The market, however, currently lurks below the 164.00 threshold. As a result, this pair trades below key technical landmarks which may limit additional price increases in subsequent sessions.Key Price Levels:Resistance Levels: 164.00, 166.00, 168.00Support Levels: 163.00, 161.00, 158.00EURJPY Bullish Momentum CoolsThe EURJPY market resumed an upward path during the past three sessions. The market proceeded upward but the momentum cooled as we approached the yuletide. As of today, the pair has recorded a further upside momentum decline, resulting in a minor downward correction.Nevertheless, prices remain above the 20-, 50-, and 100-day Moving Average (MA) lines. The Stochastic Relative Strength Index (RSI) curves are in the overbought region but the lead line is deflected toward the lagging lines concerning the minor downward retracement.EURJPY Hovers Above Key SupportIn the EURJPY market, it can be seen above all the MA lines in the 4-hour market. The market has been slightly declining since the previous session. The last price candle on this chart can be seen still appearing red and like an inverted hammer but above all the MA lines.At the same time, the Stochastic RSI lines are still in the overbought region but maintain an upward trajectory. Therefore, it appears the market may pick up more pace following a rebound off the 20-day MA lines, towards the 164.00 mark and beyond.Do you want to take your trading to the next level? Join the best platform for that here."}