Forexsq.com - SD/JPY is holding above the 200-day average for the first time in several months. The move follows last week’s sharp rebound which was triggered by a bullish DeMark™ signal from oversold conditions (see bottom intraday chart). Our view remains bullish, as USD/JPY verges toward a major long-term 40-year cycle upside reversal. Expect key cycle inflection points to resume sharply over the multi-week/month horizon, into our upside trigger levels at 80.00/60 and 82.00, ahead of 83.30. Meanwhile, confirmation below 75.60 helps resume the third price retracement
