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 Faces Bearish Pressure Below Key Re...

July 22, 2025

Market Insights

WTI Crude Oil Forms Inverse Head and Sho...

April 14, 2025

Market Insights

Gold Tests Key Resistance at $2930 Amid...

March 06, 2025

Market Insights

FOMC

November 07, 2024

Market Insights

Dow Jones Industrial Average ends Tuesda...

December 18, 2024

Live Charts

Dow Jones Futures Show Bearish Breakdown...

April 16, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window