{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-regains-upside-focus-and-soars-towards-the-151-00-mark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-regains-upside-focus-and-soars-towards-the-151-00-mark\/","headline":"EURJPY Regains Upside Focus and Soars Towards the 151.00 Mark","name":"EURJPY Regains Upside Focus and Soars Towards the 151.00 Mark","description":"Price action in the EURJPY market had previously taken on a bearish tone after testing the 151.00 price mark. However, a downward retracement took prices back under the 150.00 threshold. Currently, a fragile attempt has begun towards breaking the 151.00 price level; will it be successful? Major Price Levels: Resistance Levels: 150.42, 151.00, and 151.50 […]","datePublished":"2023-06-14","dateModified":"2023-06-14","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-regains-upside-focus-and-soars-towards-the-151-00-mark\/","about":["Article","EUR\/JPY","FX Technical Analysis","Technical Analysis"],"wordCount":273,"keywords":["eurjpy","Forex","Technical Analysis"],"articleBody":"Price action in the EURJPY market had previously taken on a bearish tone after testing the 151.00 price mark. However, a downward retracement took prices back under the 150.00 threshold. Currently, a fragile attempt has begun towards breaking the 151.00 price level; will it be successful?Major Price Levels:Resistance Levels: 150.42, 151.00, and 151.50Support Levels: 150.00, 149.50, and 149.00EURJPY Takes a Fragile Step Towards the 151.00 MarkThe EURJPY price action on the daily market has spontaneously surpassed the 9- and 21-day Moving Average curve. This can be seen as a dashed-shaped price candle that has appeared above the MA lines at a considerable distance, bringing prices to 150.42. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator curve seems to be approaching a bullish cross-over while above the equilibrium level. Furthermore, the bars on the MACD are getting shorter while appearing pale red, which indicates a decreasing strength of downward momentum in this market.EURJPY Price Looks Optimistic About Further Upside RetracementOn the 4-hour front, price activity remains above the 9- and 21-day MA curves. Consequently, this hints that price action is consistent with upside promises. Additionally, it could be seen that price action is now gaining more upside momentum, as the last histogram bar on the MACD regains a solid green appearance. At the same time, it could be seen that the curves of this indicator (the leading one, to be precise) are taking on a steeper upward trajectory. Consequently, this aligns with the inference that upside forces may be growing stronger. Therefore, further retracement towards the 151.50 mark seems quite possible.Do you want to take your trading to the next level? Join the best platform for that here."}