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
Recent News
US30 Eyes Breakout Resistance Retest Ahe...
July 18, 2025
Market Insights
US30 Breakout Alert Bullish Momentum Bui...
July 28, 2025
Market Insights
Gold price holds steady above $2,600 as...
November 13, 2024
Market Insights
Gold holds steady near multi-week highs...
June 13, 2025
Market Insights
NASDAQ 100 Trades Within Descending Chan...
August 18, 2025
Market Insights
Gold holds firm near two-week high amid...
May 23, 2025
Market Insights