{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-price-action-retreats-toward-the-150-00-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-price-action-retreats-toward-the-150-00-mark\/","headline":"EURJPY Price Action Retreats Toward the 150.00 Mark","name":"EURJPY Price Action Retreats Toward the 150.00 Mark","description":"Price activities in the EURJPY market have extended prices beyond the 151.00 price mark. However, during the ongoing session, there has been a moderate downward retracement in price movements. In this analysis, we shall try to understand how this market activity may proceed. Major Price Levels: Resistance Levels: 150.44, 151.50, and 152.50 Support Levels: 150.00, […]","datePublished":"2023-05-04","dateModified":"2023-05-04","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\/07\/euro-money-currency-the-european-158776.jpeg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/euro-money-currency-the-european-158776.jpeg","height":1255,"width":1880},"url":"https:\/\/forexschoolonline.com\/eurjpy-price-action-retreats-toward-the-150-00-mark\/","about":["Article","EUR\/JPY","FX Technical Analysis","Technical Analysis","Trading strategy"],"wordCount":272,"keywords":["eurjpy","Technical Analysis","trading"],"articleBody":"Price activities in the EURJPY market have extended prices beyond the 151.00 price mark. However, during the ongoing session, there has been a moderate downward retracement in price movements. In this analysis, we shall try to understand how this market activity may proceed.Major Price Levels:Resistance Levels: 150.44, 151.50, and 152.50Support Levels: 150.00, 149.00, and 148.00EURJPY Bulls Attract Short Orders Around the 151.00 Price MarkIn recent times, the EURJPY price action has stayed under the 147.00 price mark. The pair extended profits above 150.00 and through 151.00 price mark. During the ongoing trading session, prices have retreated towards the 150.00 mark after triggering short orders above the 151.00 zone. Furthermore, the applied Stochastic Relative Strength Index (RSI) indicator has delivered a bearish crossover in the overbought area. By implication, this suggests that the price may retrace lower at this point.EURJPY Trades in a Choppy Market May Seek to Extend Profits Towards the 151.00 MarkAlthough price action has retreated into the upside-sloping price channel, it appears that EURJPY price action may extend profits further upward. Nevertheless, the market seems to be choppy, and as such, it introduces more uncertainty to price action. The last price candle here is a green dash price candle, and it has appeared above the middle band of the Bollinger Bands indicator. Meanwhile, the MACD indicator lines have shown a downward crossover above the equilibrium level. However, it appears that the lines are trending sideways due to the recently recorded profits in this market. Consequently, traders can only hope that the observed upside retracement continues toward the 152.00 price mark.Do you want to take your trading to the next level? Join the best platform for that here."}