EURJPY-SELL strategy 4-hourly chart

The pair has moved lower first, but not a lot, and the stochastic is trying to turn now. I feel we should lower SL to around 161.90 and observe. Overall I do see a decline, but if we can do better on the pair, we should be appreciate resistance and support levels. Right now the resistance is around 161.80 area with a still negative stochastic

Strategy SELL current 161.50-161.65 and place tight SL @ 161.90 and re-sell higher. Profit order @ 158.37.