EUR/JPY Bearish Setup: Supply Zone Rejects, New Lows in Sight!

After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend.

Support Levels:
Immediate target support at 162.263.
Extended target at 160.207.

A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels.

Take Profit (TP):
TP1: 162.263 (first support level).
TP2: 160.207 (extended support level).