Never miss a story from Ilya Spivak

Subscribe to recieve updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.
For more info on how we might use your data, see our privacy notice and access policy and privacy website.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo
Or, read more articles on DailyFX

You are subscribed to Ilya Spivak

You can manage you subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Strategy: Pending Long

USDJPY is on pace to retest familiar support at the 80.09-80.28 area marked by a horizontal pivot level as well as the 50% Fibonacci retracement. A break below this boundary exposes the 61.8% Fib at 79.13. We stand aside for now and look for a daily close above falling trend line resistance set from mid-March now at 81.48 to enter long.

USDJPY_Waiting_for_Long_Entry_Opportunity_body_Picture_5.png, USDJPY: Waiting for Long Entry Opportunity

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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