Bullish market: The USD/JPY has made some key bullish developments recently and has rallied in a very sharp manner since finding support above the 77.00 clip in September. The RSI in the daily chart shows persistent bullish momentum developing. As USD/JPY got to 82.80, the market stalled, and the pair has been consolidating the past 3 sessions (including today – 11/26) trading near the 82.00 handle during the 11/26 US session. Consolidation length: Since the rally from the 77.12 low to the recent 82.83 high, there was 2 consolidation, or choppy periods, the first of which, was from 9/13 to 10/11 (4 weeks), and the ... (full story)