To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- USD/JPY Technical Strategy: Pending Long
- Prices cleared resistance at 103.94 (38.2% Fib exp), exposing 107.08 (50% Fib)
- The rally looks overextended after nine weeks; we await a pullback to get long
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed