USD/JPY’s recent pullback, following the DeMark™ exhaustion signal, is holding around support at 82.00.
Only a decisive confirmation above 83.40 and 84.18 will extend the bullish recovery which has already risen almost 10% in only 7 weeks!
The key medium-term upside trigger level can be found at 85.50.
Meanwhile, any further pullback could still extend beneath 82.00. A break here would unlock further moves into 81.10 (38.2% Fib) 80.00-10 (50% Fib/psychological level).
These levels are expected to hold and offer renewed buying opportunities in our model portfolio for USD/JPY’s major long-term 40-year cycle upside reversal.
Daily Technical Report
