USD/JPY bearish reversal remains active (see intraday chart), still likely to unwind further price momentum from overbought conditions. • Support remains at 80.59 (recent low), then 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. • Watch for confirmation above 82.00 to resume the bullish recovery which has already risen over 7% since late January. (full story)