empty
29.05.2025 08:03 PM
USD/JPY: Simple Trading Tips for Beginner Traders – U.S. Session, May 29th

Trade Analysis and Guidance for Trading the Japanese Yen

The price test at 145.64 coincided with the MACD indicator just beginning its downward movement from the zero line, confirming a valid entry point for selling the dollar. As a result, the pair dropped toward the target level of 144.90.

Today, the market's direction will be shaped by the release of U.S. GDP data. Market participants will closely study these figures to gauge the resilience of economic growth and its implications for the Federal Reserve's future monetary policy. However, given the advance estimate, expectations are quite low.

Another important indicator will be the number of initial jobless claims. This labor market metric will help assess how effectively the economy is coping with inflation and rising interest rates. An increase in claims could indicate slower economic growth and heightened recession risks. In addition to economic data, public remarks from FOMC members Adriana Kugler and Austan Goolsbee are expected. The market will closely analyze their comments on the current economic outlook, inflation expectations, and the future path of monetary policy, hoping to gain insights into the Fed's upcoming actions.

For the intraday strategy, I will mainly rely on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: I plan to buy USD/JPY at the entry point near 145.29 (green line on the chart) with a target of rising toward 145.97 (thicker green line). Around 145.97, I will exit long positions and open short trades in the opposite direction, targeting a 30–35 point pullback. A significant upward move in the pair is unlikely today. Important: Before buying, make sure the MACD is above the zero line and just starting to rise from it.

Scenario #2: I also plan to buy USD/JPY if the price tests 144.88 twice, and the MACD is in the oversold zone. This would cap the downward potential and trigger a reversal upward. Expect a rise toward 145.29 and 145.97.

Sell Signal

Scenario #1: I plan to sell USD/JPY after a break below 144.88 (red line on the chart), which should lead to a sharp drop. The key target for sellers will be 144.16, where I'll exit short positions and potentially reverse with a 20–25 point rebound. Selling pressure on the pair is expected to persist today. Important: Before selling, make sure the MACD is below the zero line and just starting to decline.

Scenario #2: I will also consider selling USD/JPY if the price tests 145.29 twice, and the MACD is in the overbought zone. This setup would cap the upside and initiate a downward reversal. Expect a drop toward 144.88 and 144.16.

This image is no longer relevant

Chart Key:

  • Thin green line – Entry price for long positions
  • Thick green line – Suggested Take Profit level; further growth beyond this level is unlikely
  • Thin red line – Entry price for short positions
  • Thick red line – Suggested Take Profit level; further decline beyond this level is unlikely
  • MACD Indicator – Entry decisions should be based on overbought or oversold zones

Important Note for Beginner Traders:

Newcomers to the Forex market must be extremely cautious when making trading decisions. It's best to stay out of the market ahead of major fundamental data releases to avoid sharp price fluctuations. If you choose to trade during news events, always use stop-loss orders to minimize losses. Without them, you risk quickly losing your entire deposit—especially if you neglect money management and trade large volumes.

And remember: for successful trading, you must have a clear trading plan, like the one presented above. Making spontaneous decisions based on the current market picture is usually 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 15 (U.S. Session)

Trade Analysis and Recommendations for the Japanese Yen The price test at 147.78 occurred when the MACD indicator had already moved significantly above the zero line, which limited the pair's

Jakub Novak 19:39 2025-07-15 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 15th (U.S. Session)

Trade Analysis and Recommendations for the British Pound The price test at 1.3445 occurred when the MACD indicator had just started moving up from the zero line, confirming a valid

Jakub Novak 19:16 2025-07-15 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 15th (U.S. Session)

Trade Analysis and Recommendations for the Euro The price test at 1.1687 occurred when the MACD indicator had already moved well above the zero line, which limited the pair's upward

Jakub Novak 18:41 2025-07-15 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 15. Analysis of Yesterday's Forex Trades

The test of the 147.40 level occurred just as the MACD indicator began moving upward from the zero line, confirming a valid entry point for buying the dollar, which

Jakub Novak 09:02 2025-07-15 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 15. Analysis of Yesterday's Forex Trades

The test of the 1.3475 level occurred just as the MACD indicator began to move downward from the zero line, which confirmed the validity of the entry point for selling

Jakub Novak 09:02 2025-07-15 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on July 15. Analysis of Yesterday's Forex Trades

The test of the 1.1684 level occurred at the moment when the MACD indicator had just started to move downward from the zero line, confirming a valid entry point

Jakub Novak 09:02 2025-07-15 UTC+2

Intraday Strategies for Beginner Traders on July 15

The Euro Held Its Ground Despite Rising Demand for the Dollar and U.S. Trade Threats, While the Pound Continued to Fall The euro managed to hold its position even amid

Miroslaw Bawulski 07:27 2025-07-15 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – July 14th (U.S. Session)

Trade Analysis and Tips for the Japanese Yen The test of the 147.20 level occurred when the MACD indicator had just started to move down from the zero mark, confirming

Jakub Novak 19:23 2025-07-14 UTC+2

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

Trade Analysis and Tips for the British Pound The test of the 1.3484 level occurred when the MACD indicator had just started to rise from the zero mark, confirming

Jakub Novak 19:20 2025-07-14 UTC+2

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

Trade Analysis and Tips for the Euro The test of the 1.1672 level occurred at the moment when the MACD indicator had just started to move up from the zero

Jakub Novak 19:11 2025-07-14 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.