Will EURJPY bearish momentum stall?

EURJPY - Intraday

Price action looks to be forming a top.
A lower correction is expected.
Short term bias is bullish.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 163.40 level.

We look to Buy at 163.40 (stop at 162.30)
Our profit targets will be 164.40 and 164.70

Resistance: 167.35 / 168.95 / 171.20
Support: 161.90 / 160.00 / 158.70

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