EUR/JPY: Intraday Long Setup Emerging from Consolidation

Charting the Intraday Opportunity

Good morning, KoraFX community. Taking a look at EUR/JPY this morning, the pair is currently trading around 161.84, down slightly by 0.22% over the last 24 hours. While the broader trend has been sideways, we've seen a dip towards the lower end of the recent range, touching 161.3, which aligns with a key intraday support level. The day's range has been between 161.3 and 162.38, indicating a period of consolidation.
My analysis suggests a potential intraday long opportunity as price