empty
11.10.2024 04:43 PM
USD/JPY: Simple Trading Tips for Beginner Traders on October 11th (U.S. Session)

Analysis of Trades and Tips for Trading the Japanese Yen

The test of the 149.08 price level occurred when the MACD indicator moved significantly above the zero mark, which limited the pair's further upward potential. For this reason, I did not buy the dollar. A second test shortly after could have been considered a potential Scenario #2 for selling. However, as shown on the chart, the pair did not make a significant downward move. In the second half of the day, strong U.S. Producer Price Index data could lead to a rise in the dollar, but if buyers do not react to the data, it is better to avoid long positions at the end of the week—especially near the weekly high. The University of Michigan Consumer Sentiment Index and inflation expectations will also be released today, but hopes are low for their impact. As for the intraday strategy, I plan to proceed based on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: Today, I plan to buy USD/JPY if the entry point around 149.22 (green line on the chart) is reached, aiming for a rise to the level of 149.71 (thicker green line on the chart). Around 149.71, I plan to exit my buys and open sell positions in the opposite direction, with an anticipated movement of 30-35 points in the opposite direction. A rise in the pair today is possible only after an increase in U.S. inflation. Note: Before buying, make sure that the MACD indicator is above the zero mark and just starting to rise from it.

Scenario #2: I also plan to buy USD/JPY today in the event of two consecutive tests of the 148.84 price level when the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to a reversal upward. A rise towards the resistance levels of 149.22 and 149.71 can be expected.

Sell Signal

Scenario #1: I plan to sell USD/JPY today after breaking below the 148.84 level (red line on the chart), which will lead to a quick decline in the pair. The key target for sellers will be the 148.31 level, where I plan to exit my sell positions. I will then open buy positions in the opposite direction, expecting a movement of 20-25 points. Pressure on the pair will return if inflation data comes in weaker than expected. Note: Before selling, make sure that the MACD indicator is below the zero mark and just starting to decline from it.

Scenario #2: I also plan to sell USD/JPY today if there are two consecutive tests of the 149.22 price level when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a reversal downward. A decline towards the support levels of 148.84 and 148.31 can be expected.

This image is no longer relevant

What's on the Chart:

  • Thin green line – the entry price for buying the trading instrument.
  • Thick green line – the suggested price where you can place Take Profit or manually close positions, as further growth beyond this level is unlikely.
  • Thin red line – the entry price for selling the trading instrument.
  • Thick red line – the suggested price where you can place Take Profit or manually close positions, as further decline below this level is unlikely.
  • MACD indicator – when entering the market, it is important to consider overbought and oversold zones.

Important: Beginner forex traders should exercise caution when making market entry decisions. It is best to stay out of the market before important fundamental reports are released to avoid being caught in sudden price swings. If you choose to trade during news releases, always set stop-loss orders to minimize losses. Without stop-loss orders, you can quickly lose your entire deposit, especially if you do not practice money management and trade large volumes.

Remember, successful trading requires a clear trading plan, like the example provided above. Making spontaneous trading decisions based on the current market situation is inherently a losing strategy for an intraday trader.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBPUSD: sencillos consejos de trading para principiantes para el 6 de enero. Análisis de las operaciones de divisas de ayer

Análisis de las operaciones y consejos para operar con la libra esterlina La prueba del precio en 1,2389 en la segunda mitad del día se produjo en un momento

Jakub Novak 09:10 2025-01-06 UTC+2

EURUSD: consejos sencillos para principiantes para el 6 de enero. Análisis de las operaciones de divisas de ayer

Análisis de las operaciones y consejos para operar con el euro La prueba del precio de 1,0277 en la segunda mitad del día se produjo en un momento

Jakub Novak 09:10 2025-01-06 UTC+2

Estrategias intradía para traders principiantes el 30 de diciembre

Los compradores del euro y la libra esterlina continúan mostrando actividad, por lo que hacia el final del año podríamos observar una ligera recuperación de los activos de riesgo

Miroslaw Bawulski 07:49 2024-12-30 UTC+2

USDJPY: consejos simples para operar para traders principiantes el 26 de diciembre. Análisis de las operaciones de ayer en Forex

Análisis de operaciones y consejos para operar con el yen japonés La prueba del precio de 157.18 coincidió con el momento en que el indicador MACD había subido considerablemente desde

Jakub Novak 11:37 2024-12-26 UTC+2

GBP/USD: consejos simples para operar para traders principiantes el 26 de diciembre. Análisis de las operaciones de ayer en Forex

Análisis de operaciones y consejos para operar con la libra esterlina La prueba del precio de 1.2544 coincidió con el momento en que el indicador MACD apenas comenzaba a moverse

Jakub Novak 11:37 2024-12-26 UTC+2

EUR/USD: consejos simples para operar para traders principiantes el 26 de diciembre. Análisis de las operaciones de ayer en Forex

Análisis de operaciones y consejos para operar con el euro La prueba del precio de 1.0405 coincidió con el momento en que el indicador MACD ya había recorrido una gran

Jakub Novak 11:37 2024-12-26 UTC+2

USDJPY: consejos sencillos para operar para traders principiantes el 24 de diciembre. Análisis de las operaciones de ayer en forex

Análisis de las operaciones y consejos para operar con el yen japonés La prueba del precio en 157.01 coincidió con el momento en que el indicador MACD había subido considerablemente

Jakub Novak 07:59 2024-12-24 UTC+2

GBP/USD: consejos sencillos para operar para traders principiantes el 24 de diciembre. Análisis de las operaciones de ayer en forex

Análisis de las operaciones y consejos para operar con la libra esterlina La prueba del precio en 1.2513 coincidió con el momento en que el indicador MACD se encontraba

Jakub Novak 07:59 2024-12-24 UTC+2

EUR/USD: consejos sencillos para operar para traders principiantes el 24 de diciembre. Análisis de las operaciones de ayer en forex

Análisis de las operaciones y consejos para operar con el euro La prueba del precio en 1.0387 coincidió con el momento en que el indicador MACD había estado

Jakub Novak 07:59 2024-12-24 UTC+2

GBP/USD: consejos sencillos para operar para traders principiantes el 23 de diciembre. Análisis de las operaciones de ayer en forex

Análisis de las operaciones y consejos para operar con la libra esterlina La prueba del precio en 1.2519 coincidió con el momento en que el indicador MACD apenas comenzaba

Jakub Novak 08:24 2024-12-23 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el 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.