Buy Trade Idea: USD/JPY

USD/JPY is currently showing signs of bullish momentum after bouncing off a key support zone near 154.00. The price has retested this significant demand zone and demonstrated rejection, indicating a potential reversal to the upside.

Entry: 155.50
Stop Loss (SL): 154.00
Take Profit (TP): 161.50

As the trade progresses, price action should be monitored closely. Stop Loss adjustments can be made to break-even or to secure profits as the price approaches the TP level. This setup offers a favorable risk-to-reward ratio (RRR) of approximately 1:3, making it a sound trade from a risk management perspective.

This trade setup is based on a combination of technical analysis, fundamental analysis, investor sentiment, and retail sentiment.