empty
10.02.2025 10:25 AM
USD/JPY: Simple Trading Tips for Beginner Traders on February 10th – Review of Yesterday's Forex Trades

Trade Analysis and Trading Recommendations for the Japanese Yen

The first test of the 151.95 level occurred when the MACD indicator had just started moving downward from the zero mark, confirming a valid sell entry for the dollar. As a result, the pair dropped to the target level of 151.36. Buying from this level on a rebound allowed for an additional 30 points of profit.

Mixed U.S. labor market data weighed on the USD/JPY pair, leading to its decline at the end of last week. However, Donald Trump's latest threats of new tariffs provided new support for the U.S. dollar, weakening the yen during the Asian session today.

Market focus is now on escalation of trade tensions—which could further support the dollar. Bank of Japan's policy outlook—any hints at rate hikes or stronger yen support could significantly impact USD/JPY. The pair's movement will be driven by a combination of factors, including trade policy, monetary policy decisions, and overall economic conditions in both the U.S. and Japan.

Intraday Trading Strategy for USD/JPY

For today's trading, I will focus on Scenario #1 and Scenario #2.

This image is no longer relevant

Buy Scenarios

Scenario #1: Buy USD/JPY at 152.06 (green line on the chart) with a target of 152.72. In the level of 152.72, I'm going to exit purchases and open sales in the opposite direction (counting on a movement of 30-35 points in the opposite direction from the level). It is best to return to buying the pair on corrections and serious drawdowns of USD/JPY. Important! Before buying, make sure that the MACD indicator is above the zero mark and is just starting to grow from it.

Scenario #2: Buy USD/JPY if there are two consecutive tests of 151.70 while MACD is in the oversold zone. Target levels: 152.06 and 152.72.

Sell Scenarios

Scenario #1: Sell USD/JPY after breaking below 151.70 (red line on the chart). The key target of sellers will be the level of 151.02, where I'm going to exit sales, as well as immediately open purchases in the opposite direction (counting on a movement of 20-25 points in the opposite direction from the level). The pressure on the pair may return at any moment. Important! Before selling, make sure that the MACD indicator is below the zero mark and is just beginning its decline from it.

Scenario #2: Sell USD/JPY if there are two consecutive tests of 152.06 while MACD is in the overbought zone. Target levels: 151.70 and 151.02.

This image is no longer relevant

Chart Explanation

  • Thin green line – Recommended buy entry point.
  • Thick green line – Expected resistance level where profit-taking is advised.
  • Thin red line – Recommended sell entry point.
  • Thick red line – Expected support level where profit-taking is advised.
  • MACD Indicator – Used to identify overbought and oversold conditions.

Important. Novice forex traders need to make their entry decisions very carefully. Before the release of important fundamental reports, it is best to stay out of the market in order to avoid falling into sharp fluctuations in the exchange rate. If you decide to trade during the news release, always place stop orders to minimize losses. Without placing stop orders, you can lose your entire deposit very quickly, especially if you do not use money management, but trade in large volumes.

And remember that for successful trading it is necessary to have a clear trading plan, following the example of the one I presented above. Spontaneous decision-making 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 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

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

The price test at 1.0875 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downward potential in such a bullish market

Jakub Novak 18:31 2025-03-13 UTC+2

AUD/JPY: Analysis and Forecast

The AUD/JPY pair is under pressure, attracting new selling near the round level of 94.00, which marks the weekly high. This was followed by a steady decline, with spot prices

Irina Yanina 18:15 2025-03-13 UTC+2

USD/CAD: Analysis and Forecast

Today, USD/CAD is attempting a recovery following its recent decline, attracting buyers around 1.4350. Spot prices have climbed toward the 1.4400 round level, allowing the pair to recoup some

Irina Yanina 18:11 2025-03-13 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 13. Review of Yesterday's Forex Trades

The price test at 148.85 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upward potential. For this reason

Jakub Novak 08:01 2025-03-13 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 13. Review of Yesterday's Forex Trades

The initial price test at 1.2930 occurred when the MACD indicator had dropped significantly below the zero mark, which limited the downside potential of the pair. For this reason

Jakub Novak 08:01 2025-03-13 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 13. Review of Yesterday's Forex Trades

The price test at 1.0899 occurred when the MACD indicator had already moved significantly below the zero mark, which, in my opinion, limited the pair's downside potential. For this reason

Jakub Novak 08:01 2025-03-13 UTC+2

Intraday Strategies for Beginner Traders on March 13

The pound continues to reach new highs, but there are concerns regarding the euro, especially after recent comments made by European Central Bank President Christine Lagarde. Despite her statements, which

Miroslaw Bawulski 06:56 2025-03-13 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 12th (U.S. Session)

Trade Analysis and Trading Tips for the Japanese Yen The test of the 148.36 price level occurred when the MACD indicator was just starting to move up from the zero

Jakub Novak 16:35 2025-03-12 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback