EURJPY created a supply zone around 150.660-151.588 levels on the 4-hour chart and showed strong bearish evidence to the downside. Price went all the way down to 147.138 level. Then price retraced back up around 149 level and created another supply zone around 148.490-149.252 levels. From the chart below, we can see that price tested this zone and moved lower breaking the latest low at 147.125 suggesting a bearish continuation below 147 level.
Now, we have a great opportunity to short again as long as we get enough bearish price action around the 148.059 level. If price tests this zone and we get a confirmation to sell, the next potential target would be the 146.276 level.