empty
11.04.2025 06:26 PM
USD/JPY: Simple Trading Tips for Beginner Traders on April 11th (U.S. Session)

Trade Analysis and Advice for Trading the Japanese Yen

The test of the 143.49 price level coincided with the moment the MACD indicator had just started moving downward from the zero line, confirming a correct entry point into the market. As a result, the pair dropped toward the 142.22 target level.

A speech by John Williams, a member of the Federal Open Market Committee (FOMC), is expected. Market participants typically scrutinize such remarks for any clues about potential adjustments to the Federal Reserve's monetary policy, and Williams' speech could shed light on the Fed's future intentions. In addition, data pointing to a decrease in U.S. producer price inflation may further weaken the dollar, creating favorable conditions for the Japanese yen to strengthen.

Combined with the Bank of Japan's expected tightening stance, this factor could lead to a significant capital flow from dollar-denominated assets into yen-based assets. In the long term, the trend of dollar weakening and yen strengthening could be supported by the U.S. lifting trade tariffs on Japanese goods.

For today's intraday strategy, I will rely primarily on Scenario #1 and Scenario #2.

This image is no longer relevant

Buy Signal

Scenario #1: I plan to buy USD/JPY today upon reaching the entry point near 143.28 (green line on the chart), targeting a rise to 144.51 (thicker green line). Around 144.51, I plan to exit long positions and open short ones in the opposite direction (anticipating a 30–35 point pullback). A pair rally today is likely only if strong U.S. data is released. Important! Before buying, ensure the MACD indicator is above the zero line and just beginning to rise from it.

Scenario #2: I also plan to buy USD/JPY if the price tests 142.52 twice in a row, while the MACD is in the oversold zone. This should limit the pair's downward potential and lead to a reversal upward. A rise to 143.28 and 144.51 may then follow.

Sell Signal

Scenario #1: I plan to sell USD/JPY after breaking below 142.52 (red line), which may lead to a quick decline in the pair. The main target for sellers will be 141.16, where I will exit shorts and open long positions in the opposite direction (anticipating a 20–25 point rebound). Downward pressure may arise at any moment today. Important! Before selling, ensure the MACD is below the zero line and just starting to decline from it.

Scenario #2: I also plan to sell USD/JPY if the price tests 143.28 twice, while the MACD is in the overbought zone. This should limit the pair's upward potential and lead to a downward reversal. A drop to 142.52 and 141.16 may follow.

This image is no longer relevant

Chart Notes:

  • Thin green line – entry price for buying the asset
  • Thick green line – projected price to set a Take Profit or manually secure gains, as further growth is unlikely above this level
  • Thin red line – entry price for selling the asset
  • Thick red line – projected price to set a Take Profit or manually secure gains, as further decline is unlikely below this level
  • MACD Indicator – when entering the market, it's important to consider overbought and oversold zones

Important for Beginners:

Forex beginners must exercise extreme caution when entering the market. It's best to stay out of the market before major fundamental reports to avoid getting caught in sharp price swings. If you choose to trade during news releases, always use stop-loss orders to minimize losses. Without stop-losses, you could quickly lose your entire deposit, especially if trading large volumes without proper money management.

And remember, a clear trading plan is essential for successful trading—just like the one presented above. Making impulsive decisions based on current market conditions is a losing strategy for intraday traders.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Trading Tips for the Japanese Yen The first test of the 140.62 price level occurred when the MACD indicator had already fallen significantly below the zero line

Jakub Novak 19:41 2025-04-21 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the British Pound The price test at 1.3399 coincided with the MACD beginning to rise from the zero line, confirming a valid entry point

Jakub Novak 19:39 2025-04-21 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on April 21st (U.S. Session)

Trade Breakdown and Tips for Trading the Euro The price test at 1.1545 occurred when the MACD indicator had already moved far above the zero line, which limited the pair's

Jakub Novak 19:29 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 142.20 occurred when the MACD indicator had already moved significantly below the zero line, limiting the pair's downside potential. For this reason, I didn't sell

Jakub Novak 08:59 2025-04-21 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The price test at 1.3268 occurred when the MACD indicator moved significantly above the zero line, limiting the pair's upside potential. For that reason, I did not buy the pound

Jakub Novak 08:59 2025-04-21 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 21. Review of Yesterday's Forex Trades

The levels I had marked were not tested in the second half of the day. This was due to the market holiday and the closure of several major exchanges. During

Jakub Novak 08:59 2025-04-21 UTC+2

Intraday Strategies for Beginner Traders on April 21

The euro and the pound posted significant gains during today's Asian trading session, and there were objective reasons for this. The sharp weakening of the U.S. dollar during the Asian

Miroslaw Bawulski 08:59 2025-04-21 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 142.38 level coincided with a moment when the MACD indicator had already significantly moved below the zero mark, which limited the pair's downside potential. For this

Jakub Novak 08:33 2025-04-18 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.3249 price level occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's upside potential. For this reason

Jakub Novak 08:31 2025-04-18 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 18. Review of Yesterday's Forex Trades

The test of the 1.1357 price level occurred when the MACD indicator had already dropped significantly below the zero line, which limited the pair's downside potential. For this reason

Jakub Novak 08:30 2025-04-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.