EURJPY - Intraday Setup - Multi Time Frame Analysis

There is a nice set of confluence around the Daily R1 (The 50% Fib of the recent swing high and low; The the DR1)
I am expecting for the price to reach and test the 4hr 50ema and a retest of the 1hr 50ema which is also around the Pivot point.

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Price action is already on the DR1. I am now entering this trade. caveat!