{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-now-trades-near-the-159-00-threshold\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-now-trades-near-the-159-00-threshold\/","headline":"EURJPY Now Trades Near the 159.00 Threshold","name":"EURJPY Now Trades Near the 159.00 Threshold","description":"There has been a notable price increase in the EURJPY market today, as the pair’s price rose from just below 158.00 to now trade close to a price resistance near the 159.00 mark. At this point, technical indicators are still in support of the possibility of a further price increase occurring in this market. Major […]","datePublished":"2023-09-27","dateModified":"2023-09-27","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\/11\/euro-sculpture-2867925_1280.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/11\/euro-sculpture-2867925_1280.jpg","height":960,"width":1280},"url":"https:\/\/forexschoolonline.com\/eurjpy-now-trades-near-the-159-00-threshold\/","about":["EUR\/JPY","Forex","FX Technical Analysis","Price Action Charts in Focus","Trading"],"wordCount":316,"keywords":["Forex","Technical Analysis","trading"],"articleBody":"There has been a notable price increase in the EURJPY market today, as the pair’s price rose from just below 158.00 to now trade close to a price resistance near the 159.00 mark. At this point, technical indicators are still in support of the possibility of a further price increase occurring in this market.Major Price Levels:Resistance Levels: 158.85, 159.50, and 161.00Support Levels: 158.00, 157.00, and 156.00EURJPY Heads Towards the 159.00 Price LevelAs earlier mentioned, EURJPY had gained some traction, causing its price to rise towards the upper band of the Bollinger Bands indicator. The last price candle here could be seen pushing against the ceiling of the uppermost limit of the Bollinger Bands on the daily market price chart.Also, considering the size of the mentioned price candle, which represents the ongoing session, it could be said that upside momentum is of notable strength. Additionally, the lines of the Moving Average Convergence Divergence (MACD) indicator can be seen resurfacing above the equilibrium level. Likewise, the bars of the MACD have started appearing above the equilibrium level, with a vivid green appearance. Consequently, this shows that this pair still has an upside propensity.EURJPY Looks Choppy But Stays AfloatThe EURJPY 4-hour market has been able to give us a clear view of happenings in this market. Here, there are more dash-priced candles than the ones with vivid body sizes; this shows that the market is unstable to some extent. Nevertheless, the last dashed-shaped price candle can be seen appearing outside the contracting upper and lower bands of the Bollinger Bands indicator.Simultaneously, the MACD lines are somewhat steeply projected upwards above the equilibrium level. Consequently, this attests to rising upside momentum. As a result, traders may gain more confidence, which may propel the market further towards the 160.00 mark as trading continues.Do you want to take your trading to the next level? Join the best platform for that here."}