{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-latches-onto-a-tailwind-surface-above-the-170-00-threshold\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-latches-onto-a-tailwind-surface-above-the-170-00-threshold\/","headline":"EURJPY Latches onto a Tailwind Surface Above the 170.00 Threshold","name":"EURJPY Latches onto a Tailwind Surface Above the 170.00 Threshold","description":"The EURJPY market has once again risen above the 170.00 price level. However, the Euro side of the market seems tranquil on a fundamental basis, while most propulsion appears to be emerging from the JPY side. The price action here maintains a general upward trajectory at the moment. Let\u2019s see how things may fare shortly. […]","datePublished":"2024-06-26","dateModified":"2024-06-26","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-96289_1280.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/12\/euro-96289_1280.jpg","height":960,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurjpy-latches-onto-a-tailwind-surface-above-the-170-00-threshold\/","about":["EUR\/JPY","Forex","FX Technical Analysis","Technical Analysis","Trading"],"wordCount":304,"keywords":["eurjpy","Forex","Technical Analysis"],"articleBody":"The EURJPY market has once again risen above the 170.00 price level. However, the Euro side of the market seems tranquil on a fundamental basis, while most propulsion appears to be emerging from the JPY side. The price action here maintains a general upward trajectory at the moment. Let\u2019s see how things may fare shortly.Key Price Levels:Resistance Levels: 172.00, 174.00, and 176.00Support Levels: 170.00, 168.00, and 166.00EURJPY Hits a Rejection at the 171.55 MarkBulls in the EURJPY market have been on a winning streak since the start of the week. Consequently, this has propelled the market further above the 20-day Exponential Moving Average (EMA) lines. However, price movement in this market seems to have hit a wall at the 171.55 mark, as the market deflected slightly downwards off that resistance.Despite the deflection, the bars of the Moving Average Convergence Divergence (MACD) lines are still trending upward above the equilibrium level. Additionally, the bars of the indicator retain their vivid green coloration. Technically, this suggests that upside forces are still active in the market and may likely break the tested resistance.EURJPY Rebounds Off the 20-Day EMA CurveFor the second straight session, EURJPY price action has maintained its upside correction. However, this can be seen only on a market time frame of 4 hours. Price action has staged an upside rebound above the 20-day EMA lines. But on the contrary, the MACD lines have delivered a bearish crossover above the equilibrium level.Also, the imdicator bars are still solid red below the equilibrium level. This seems a bit lagging as price movement continues to correct upwards, although not strongly at the moment. Consequently, this suggests that traders can still aim for a break above the 171.55 resistance towards the 172.50 mark.Do you want to take your trading to the next level? Join the best platform for that here."}