EUR/JPY: Watching for a Short Opportunity at Key Resistance

Technical Read: Range-Bound Pressure

Good morning, KoraFX community! Taking a closer look at EUR/JPY this morning, which has been in a clear sideways trend lately. The current price is sitting at 162.17, practically kissing the upper bound of its day range, which is 162.12 to 162.22. This narrow range highlights the indecision, but it also provides clear levels to work with.
We're seeing immediate resistance at 162.22, a level that has capped upside movements today. Looking further out, 165 and 170 present more significant hurdles. On the flip side, immediate support sits at 162.12, below which we have more substantial levels at 155 and 150.
My analysis points to a short opportunity as this pair struggles at the top of its immediate range. We're seeing this key level being tested, and the inability to break higher within such a tight consolidation suggests a potential rejection.

Trade Setup: Short Bias

Given the current technical landscape, my trade setup for EUR/JPY is a swing short. I'm looking for an entry around