Next on the downside comes 158.90

EURJPY extends the decline below the 162.00 support at the beginning of the week.

Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.79.