empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
01.04.2024 02:47 PM
USD/JPY: trading scenarios on April 1
Open trading account Open demo account

This image is no longer relevant

Despite the ongoing trend of the strengthening dollar, USD/JPY has remained within a narrow range near the 151.50 mark for the 8th consecutive trading day, fluctuating between the levels of 151.05 and 151.85. Investors are wary of possible currency intervention by the Japanese monetary authorities.

However, if the important macroeconomic data expected from the U.S. this week exceeds forecasts, indicating the strength of the American economy and labor market, then bulls, despite the threat of currency intervention, may attempt to break the recent local high of 151.86 and push USD/JPY to new record highs.

This image is no longer relevant

In this case, a breakthrough above the 151.50 mark may serve as the first signal for new long positions on USD/JPY, with the 151.86 level serving as confirmation.

Nevertheless, USD/JPY continues to trade in the bullish market zone, medium-term—above the key support level of 146.25 (200 EMA on the daily chart), and long-term—above the key support level of 130.70 (200 EMA on the weekly chart), which, from a technical standpoint, makes long positions preferable.

This image is no longer relevant

In an alternative scenario, a breakthrough of the important short-term support level of 151.05 (200 EMA on the 1-hour chart) may signal the beginning of a downward correction.

In the conditions of a stable bullish trend, the downward correction will most likely be limited by support levels at 150.30, 150.00, 149.88 (200 EMA on the 4-hour chart), 149.40 (50 EMA on the daily chart).

Only a breakthrough of the key support level of 146.25 (200 EMA on the daily chart) could lead the price into the medium-term bearish market zone, making short positions preferable.

For now, the advantage remains with long positions.

Support levels: 151.05, 151.00, 150.30, 150.00, 149.88, 149.40, 149.00, 148.00, 147.45, 147.00, 146.25, 146.00, 145.20, 145.00

Resistance levels: 151.50, 151.85, 152.00, 153.00

Trading Scenarios

Main Scenario

Aggressive: Buy at the market, Buy Stop 151.90. Stop Loss 150.80

Moderate: Buy Stop 152.10. Stop Loss 150.90

Targets: 153.00, 154.00, 155.00

Alternative Scenario

Aggressive: Sell Stop 150.90. Stop Loss 151.60

Moderate: Sell Stop 150.20. Stop Loss 151.10

Targets: 150.00, 149.88, 149.40, 149.00, 148.00, 147.45, 147.00, 146.25, 146.00, 145.20, 145.00

"Targets" correspond to support/resistance levels. This also does not mean that they will necessarily be reached, but they can serve as a guide when planning and placing your trading positions.

Jurij Tolin,
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
All Analytics
Wave analysis
EUR/USD Analysis on July 8, 2025 The wave pattern on the 4-hour EUR/USD chart has remained consistent for several months. The upward trend segment continues to form, and the news backdrop continues to support all currencies
Chin Zhao
20:00 2025-07-08 +02:00
1285
Wave analysis
GBP/USD Analysis on July 8, 2025 The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse structure. The wave pattern is nearly identical to that of EUR/USD, as the U.S. dollar remains
Chin Zhao
19:46 2025-07-08 +02:00
1150
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Currency Pair on July 8TH? Simple Tips and Trade Analysis for Beginners

Monday Trade Analysis: GBP/USD 1H chart On Monday, the GBP/USD pair was clearly trading sideways. On the hourly timeframe, it consolidated below the ascending trendline, but in our view, this
Paolo Greco 10:45 2025-07-08 UTC+2

How to Trade the EUR/USD Currency Pair on July 8th: Simple Tips and Trade Review for Beginners

Monday Trade Review: EUR/USD, 1H Chart On Monday, the EUR/USD pair traded with a downward bias, and the U.S. dollar posted a fairly strong gain. As we've mentioned before, even
Paolo Greco 10:09 2025-07-08 UTC+2

Trading Recommendations and Trade Analysis for GBP/USD on July 8th

The GBP/USD currency pair also declined on Monday. However, on its uncertain downward path, the pair encountered the Senkou Span B line of the Ichimoku indicator for the third time—and
Paolo Greco 07:42 2025-07-08 UTC+2

Trading Recommendations and Trade Analysis for EUR/USD on July 8th

The EUR/USD pair traded with a downward bias on Monday, even though there were no fundamental reasons supporting the dollar's strength. However, the dollar's rise was weak, which is especially
Paolo Greco 06:51 2025-07-08 UTC+2

GBP/USD: Trading Plan for the U.S. Session on July 7th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.3602 level and planned to use it to determine entry points into the market. Let's look at the 5-minute chart and analyze what
Miroslaw Bawulski 13:21 2025-07-07 UTC+2

EUR/USD: Trading Plan for the U.S. Session on July 7th (Review of the Morning Trades)

In my morning forecast, I highlighted the 1.1749 level and planned to base market entry decisions around it. Let's look at the 5-minute chart and break down what happened
Miroslaw Bawulski 13:20 2025-07-07 UTC+2

How to Trade the GBP/USD Currency Pair on July 7th? Simple Tips and Trade Review for Beginners

On Friday, the GBP/USD pair showed total flat movement and low volatility. As with the EUR/USD pair, there was no news that day, and no macroeconomic publications were released either
Paolo Greco 07:48 2025-07-07 UTC+2

How to Trade the EUR/USD Currency Pair on July 7th: Simple Tips and Trade Analysis for Beginners

Friday Trade Analysis: EUR/USD 1H Chart The EUR/USD pair stayed flat all day Friday, with volatility totaling 36 points, clearly indicating a lack of trading activity. This is not surprising
Paolo Greco 07:32 2025-07-07 UTC+2

GBP/USD Trading Recommendations and Trade Analysis for July 7th

The GBP/USD currency pair traded with low volatility and primarily moved sideways. As mentioned earlier, last week was particularly interesting in how the market interpreted various events and publications
Paolo Greco 07:11 2025-07-07 UTC+2

EUR/USD Trading Recommendations and Trade Analysis for July 7th

The EUR/USD currency pair did not exhibit any notable movements on Friday—or any movements at all. Friday was Independence Day in the United States, effectively making it a non-trading
Paolo Greco 07:03 2025-07-07 UTC+2

Top analytics

Relevance up to 21:00 2025-07-08 UTC--5
GBP/USD Forecast for July 8, 2025
05:56 2025-07-08
Technical analysis
Relevance up to 21:00 2025-07-08 UTC--5
EUR/USD Forecast for July 8, 2025
06:14 2025-07-08
Technical analysis
Relevance up to 21:00 2025-07-08 UTC--5
AUD/USD Forecast for July 8, 2025
05:50 2025-07-08
Technical analysis
Relevance up to 05:00 2025-07-09 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)
12:55 2025-07-08
Forecast
Relevance up to 05:00 2025-07-09 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)
12:53 2025-07-08
Forecast
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.