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USD/JPY Potential Exhaustion Signal

USD/JPY has triggered a potential DeMark™ exhaustion signal after its recent surge higher above 82.00.

Watch for confirmation above 82.65 and 83.85, to resume the bullish recovery which has already risen over 7% since late January.

Support remains at 80.59 (07 March swing low) and 80.00 (psychological level), a break beneath here will target further setbacks into 79.60.

These levels are expected to hold and offer renewed buying opportunities for USD/JPY’s major long-term 40-year cycle upside reversal.

Daily Technical Report

 

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