A short sell on EURJPY

On the monthly timeframe, EUR JPY is bullish as the previous low at 154.414 did not break the last low. Therefore we expect a bullish continuation to the previous high indicated around 175.348. However, this sell analysis focuses on a catching a short sell setup within this bullish monthly structure on the 1D timeframe, before prices goes back to the last high.

If this sell setup holds, areas of interest include

Entry: 165.596

Target: 156.160

Stop Loss: 167.664