EUR/JPY extends gains to 162.00 level, focus remains on BOJ monetary policy this week.

EUR/JPY advanced to its four days' high of 162.26 sticking to positive bias. However, the pair could retreat after facing rejection at the falling trendline. It still holds below 200 SMA on its daily chart which is equivalent to the key resistance level. 
From the Bullish scenario, the pair would resume its upward rally once it crosses 162.95 mark then the next resistance lies straightaway at 164.00 level. 
On the downside, EUR/JPY could pull back from 162.00 mark if Yen gains traction as a result of BOJ's decision. Breaking its two day low of 160.00 would attract sellers dragging the pair all the way down to 158.45, 157.25 and 155.85. 

EUR/JPY Technical Structure: Below 200 SMA on Daily, Inching closer to falling trendline, Consolidation on 4H & 1H.

Primary Trend: Neutral 

Intraday Trend/ Intraday Strategy: Neutral to Bullish/ Sell on Resistance, Buy on Support

Major Support: 161.00, 159.50, 158.45

Major Resistance: 162.50, 163.45, 164.00