MMQ_FX

EURJPY - Correction Made, Time to Go Back Up

Long
OANDA:EURJPY   Euro / Japanese Yen
TV hasn't been letting me publish whilst abroad in the UAE without a VPN! Hence my first published post in a while.

Quick intra day idea on EURJPY. EJ has been moving in a strong uptrend for time and has recently reached the highest price since December '18.

A small correction has been made on the lower timeframe as illustrated on the chart. I now expect price to continue it's bullish run.

Here I anticipate a rejection of previous resistance before rising to meet the 2021 high and potentially beyond. Price is currently holding well above the 200 EMA which I will be positioning stop loss below.

Great R:R on this set up of 1:3 with minimal risk.
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