USDJPY Long

Idea: Long from a demand zone / retest

Entry: 159.7–159.8
Stop: 159.4 (below local support and liquidity)
Target 1: 160.4 (nearest resistance / partial take profit)
Target 2: 161.25 (extended target on momentum)

Trade rationale
Price is holding local support after a pullback and forming a structure of higher lows. The 159.7–159.8 zone acts as a retest of previous resistance, which may now serve as support. If bullish momentum continues, there is potential for a move toward 160.4 and higher.

Risk/Reward

Risk: ~30–40 pips
To T1: ~60–70 pips → R/R ≈ 1:2
To T2: ~140–150 pips → R/R ≈ 1:4

Trade management plan

At T1: take partial profits (30–50%)
Move stop to breakeven after a confirmed break and hold above 160.0
Let the remaining position run to T2 or manage with a trailing stop

Invalidation conditions

A confirmed break below 159.4
Weak buyer reaction in the entry zone (strong bearish impulse, increasing selling volume)