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.