USD/JPY 4H Chart 7:08AM EDT 6/8/2012 - The USD/JPY chart in the 4H time-frame is starting to put on a bullish look after breaking above a declining channel resistance. - The RSI reading tagged 70, suggesting at least a range-bound market in the medium term if not a bullish market in development. - It’s still trading under the 200-SMA here so we don’t know yet. - If the broken channel resistance does hold as support and the market can basically hold above 79.00, there is a chance for further
