News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDJPY: Looking to Enter Long on Downswing

USDJPY: Looking to Enter Long on Downswing

Ilya Spivak, Head Strategist, APAC

Strategy: Pending Long

The momentum behind the breakneck bullish USDJPY reversal has been nothing short of spectacular, offering very little by way of entry opportunities on the way higher. At this point, we will look for at least a brief retracement as prices test resistance at 80.40, formerly a major multi-month support level, to look for compelling opportunities to initiate a long position.

USDJPY_Looking_to_Enter_Long_on_Downswing_body_Picture_5.png, USDJPY: Looking to Enter Long on Downswing

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow me on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.