empty
09.07.2025 10:03 AM
USD/JPY: Simple Trading Tips for Beginner Traders on July 9th. Review of Yesterday's Forex Trades

Trade Review and Strategy for the Japanese Yen

The test of the 146.50 level occurred when the MACD indicator had already moved significantly above the zero line, limiting the dollar's upward potential. For this reason, I did not buy the dollar.

Following the reintroduction of strict tariff measures by Donald Trump, the U.S. dollar began to strengthen. The U.S. president's announcement of a 50% tariff on copper imports and plans for tariffs of up to 200% on imported pharmaceuticals had an immediate impact on global markets. Investors are concerned that such measures could trigger a more severe trade conflict with negative consequences for the global economy. Given the lack of a trade deal with Japan, it is no surprise that the yen has been losing ground against the U.S. dollar in recent weeks.

Today's positive data on Japan's money supply growth failed to support the yen. Investors seem more focused on global economic uncertainty linked to tariffs, which has fueled demand for safer assets such as the U.S. dollar. Despite positive domestic indicators, the yen remains vulnerable to external factors. Weak global demand and ongoing trade disputes continue to pressure Japan's export-driven economy. Meanwhile, the Bank of Japan maintains a wait-and-see monetary policy stance, despite earlier expectations of a more aggressive rate-hike path. This also limits the yen's growth potential.

As for today's intraday strategy, I will primarily focus on executing Buy and Sell Scenarios #1 and #2.

This image is no longer relevant

Buy Scenarios

Scenario #1: I plan to buy USD/JPY today if the price reaches the 147.19 level (green line on the chart), targeting a rise to 147.54 (thicker green line). Around 147.54, I will exit long positions and open short positions in the opposite direction (aiming for a 30–35 point retracement). Buying the pair is best done on corrections and deeper pullbacks.Important: Before buying, make sure the MACD indicator is above the zero line and just beginning to rise.

Scenario #2: I also plan to buy USD/JPY if the price tests 146.93 twice in a row while the MACD is in the oversold zone. This will likely limit the pair's downward potential and prompt a reversal to the upside. Target levels in this case are 147.19 and 147.54.

Sell Scenarios

Scenario #1: I plan to sell USD/JPY only after the price breaks below 146.93 (red line on the chart), which should lead to a quick decline. The main target for sellers will be 146.58, where I plan to exit short positions and open long positions in the opposite direction (expecting a 20–25 point move back from the level). Strong downward pressure on the pair is unlikely today.Important: Before selling, make sure the MACD is below the zero line and just beginning to decline.

Scenario #2: I also plan to sell USD/JPY if the price tests 147.19 twice in a row while the MACD is in the overbought zone. This will limit the pair's upward potential and prompt a reversal to the downside. In this case, expect a drop to 146.93 and 146.58.

This image is no longer relevant

What's on the chart:

  • Thin green line – entry level for buying the instrument.
  • Thick green line – estimated level to place Take Profit or manually fix gains, as further growth above this level is unlikely.
  • Thin red line – entry level for selling the instrument.
  • Thick red line – estimated level to place Take Profit or manually fix gains, as further decline below this level is unlikely.
  • MACD indicator – for market entries, focus on overbought and oversold zones.

Important:Beginner traders on the Forex market should exercise great caution when deciding to enter trades. It is best to stay out of the market before the release of important fundamental reports to avoid sudden price swings. If you choose to trade during news events, always use stop-loss orders to minimize potential losses. Without stop-losses, you risk quickly losing your entire deposit, especially if you trade with large volumes and no money management strategy.

And remember: successful trading requires a clear plan, such as the one presented above. Making spontaneous trading decisions based on current market conditions is a losing strategy for intraday traders.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
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 – July 18th (U.S. Session)

Trade Review and Guidance for Trading the Japanese Yen The test of the 148.61 price level occurred when the MACD indicator had already moved significantly below the zero line, which

Jakub Novak 20:26 2025-07-18 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 18th (U.S. Session)

Trade Review and Tips for Trading the British Pound The test of the 1.3429 price level coincided with the MACD indicator just beginning to move upward from the zero line

Jakub Novak 20:07 2025-07-18 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 18th (U.S. Session

Trade Review and Tips for Trading the Euro The test of the 1.1630 price level coincided with a moment when the MACD indicator had already moved significantly above the zero

Jakub Novak 20:00 2025-07-18 UTC+2

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

The test of the 148.53 price level occurred when the MACD indicator had already dropped significantly below the zero mark, which limited the pair's downside potential. A short time later

Jakub Novak 08:27 2025-07-18 UTC+2

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

The test of the 1.3409 price level occurred when the MACD indicator had just begun moving up from the zero mark, confirming a valid entry point for buying the pound

Jakub Novak 08:27 2025-07-18 UTC+2

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

The test of the 1.1575 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited the pair's downside potential. For that reason

Jakub Novak 08:27 2025-07-18 UTC+2

Intraday Strategies for Beginner Traders on July 18

The euro and the pound recovered slightly by the end of yesterday's session, as the U.S. dollar failed to receive significant support following the release of economic data and comments

Miroslaw Bawulski 07:45 2025-07-18 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – July 17th (U.S. Session)

Trade Analysis and Tips for the Japanese Yen The price test at 148.43 coincided with the moment when the MACD indicator had just begun moving downward from the zero line

Jakub Novak 19:03 2025-07-17 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 17th (U.S. Session)

Trade Analysis and Tips for the British Pound The price test at 1.3381 occurred when the MACD indicator had just begun moving downward from the zero line, confirming a correct

Jakub Novak 18:57 2025-07-17 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 17th (U.S. Session)

Trade Analysis and Tips for the Euro The price test at 1.1612 coincided with the MACD indicator just beginning to move down from the zero line, which confirmed a valid

Jakub Novak 18:49 2025-07-17 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.