empty
10.01.2024 07:23 AM
Analysis and trading tips for USD/JPY on January 10

Analysis of transactions and tips for trading USD/JPY

The test of 143.86, coinciding with the decline of the MACD line from zero, provoked a signal to sell. However, no price decrease occurred, leading to losses. Meanwhile, the test of 144.31 coincided with the rise of the MACD line from zero. This sparked a buy signal, which resulted in a price increase of around 30 pips.

Weak statistics from Japan indicated the need to maintain a soft monetary policy. Today's data on wage levels also confirms this situation. Therefore, yen will continue its decline, which will help USD/JPY develop a new upward trend.

This image is no longer relevant

For long positions:

Buy when the price hits 145.00 (green line on the chart) and take profit at 145.75. Growth will occur in continuation of the trend, especially after poor data from Japan.

When buying, ensure that the MACD line lies above zero or rises from it. Also consider buying USD/JPY after two consecutive price tests of 144.51, but the MACD line should be in the oversold area as only by that will the market reverse to 145.00 and 145.75.

For short positions:

Sell when the price reaches 144.51 (red line on the chart) and take profit at 143.81. Pressure will return in the case of an unsuccessful consolidation at the daily high.

When selling, ensure that the MACD line lies below zero or drops down from it. Also consider selling USD/JPY after two consecutive price tests of 145.00, but the MACD line should be in the overbought area as only by that will the market reverse to 144.51 and 143.81.

This image is no longer relevant

What's on the chart:

Thin green line - entry price at which you can buy USD/JPY

Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely.

Thin red line - entry price at which you can sell USD/JPY

Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely.

MACD line- it is important to be guided by overbought and oversold areas when entering the market

Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.

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 March 14th (U.S. Session)

The 148.72 price test occurred when the MACD indicator had already moved significantly above the zero level, limiting the pair's upward potential. For this reason

Jakub Novak 16:50 2025-03-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)

The 1.2934 price test coincided with the MACD indicator beginning its downward movement from the zero level, confirming the validity of the entry point. As a result, the pair declined

Jakub Novak 16:02 2025-03-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)

The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero level, limiting the pair's upward potential. For this reason

Jakub Novak 15:40 2025-03-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The test of the price level at 148.02 occurred when the MACD indicator had just started to move downward from the zero mark, confirming a valid entry point for selling

Jakub Novak 08:20 2025-03-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The first test of the 1.2941 price level occurred when the MACD indicator had already moved significantly downward from the zero mark, limiting the pair's downside potential. For this reason

Jakub Novak 08:20 2025-03-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The price test at 1.0865 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downside potential in my opinion. For this

Jakub Novak 08:19 2025-03-14 UTC+2

Intraday Strategies for Beginner Traders on March 14

The euro and the pound are both experiencing a correction, although it's not very pronounced and could quickly shift into a new wave of growth for risk assets, with weekly

Miroslaw Bawulski 07:19 2025-03-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 13th (U.S. Session)

The price test at 147.64 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downward potential. For this reason

Jakub Novak 18:38 2025-03-13 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 13th (U.S. Session)

The price test at 1.2945 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downward potential. For this reason

Jakub Novak 18:35 2025-03-13 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.