{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurjpy-uptrend-continues\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurjpy-uptrend-continues\/","headline":"EURJPY Uptrend Continues","name":"EURJPY Uptrend Continues","description":"EURJPY has generally continued on its upward path, which seems to have started since January 3. The uptrend continuation appears to be the aftermath of the news that ECB monetary policymakers are hoping to begin an easing process next month (June). Key Price Levels: Resistance Levels: 170.00, 175.00, and 180.00 Support Levels: 165.00, 160.00, and […]","datePublished":"2024-05-15","dateModified":"2024-05-15","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\/2024\/04\/istockphoto-528494231-612x612-1.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/04\/istockphoto-528494231-612x612-1.jpg","height":408,"width":612},"url":"https:\/\/forexschoolonline.com\/eurjpy-uptrend-continues\/","about":["EUR\/JPY","Forex","FX Technical Analysis","Technical Analysis"],"wordCount":279,"keywords":["eurjpy","Forex","Technical Analysis"],"articleBody":"EURJPY has generally continued on its upward path, which seems to have started since January 3. The uptrend continuation appears to be the aftermath of the news that ECB monetary policymakers are hoping to begin an easing process next month (June).Key Price Levels:Resistance Levels: 170.00, 175.00, and 180.00Support Levels: 165.00, 160.00, and 155.00EURJPY Bulls Are Marching UpwardThe EURJPY market has continued towards the psychological level at the 170.00 mark. The market had earlier hit the 171.00 price mark but regressed as headwinds staged an ambush around that price region. At this point, the market is now approaching the resistance near that mark around the 170.00 threshold.Price activity is above the Guppy Multiple Moving Average lines. The last price candle on this chart appears fairly large, with a longer lower shadow than the upper one. Meanwhile, the Stochastic Relative Strengths Index (SRSI) lines are still rising upward into the overbought region. This further bolsters the fact that price action is largely keeping to an upside trajectory.EURJPY Faces an Initial Rejection Near the 169.00 MarkWhile the overall uptrend in the EURJPY market appears generally intact, it could be seen that a rejection has been encountered. This has printed, however, just a minor downward correction of price. Nevertheless, price action remains comfortably placed above the GMMA indicator lines.Simultaneously, we can see a rapid or jerky crossover on the SRSI indicator. However, the ensuing lines of the indicator still have an upward trajectory at this point. Therefore, the use of bullish Forex signals still seems quite plausible in this market as the 171.00 price mark may be revisited.Do you want to take your trading to the next level? Join the best platform for that here.\u00a0"}