USD/JPY 4H Chart 12/4/2012 10:00PM EST Channel Breakout: The USD/JPY has been channeling down since last Friday (11/30), when a bullish attempt failed to clear the November high of 82.83 , stopping short at 82.73. A break below the 81.68 support pivot would have completed a double bottom. However, there is a strong push during the 12/5 Asian session against the Japanese yen. The USD/JPY bounced from 81.70 back above 82.00 , testing the 200-Hour SMA around 10:00PM EST. Momentum: The RSI falling
