Breakout: The USD/JPY started this week hanging on the bullish stance seen in the 4H chart as it held 92.00 AND broke above a consolidation triangle back above resistance near the 94.00 handle. The 4H chart also shows maintenance and revival of bullish momentum as the RSI held above 40 and kissed 70 during the 2/11 session. As we begin the 2/12 session, we are looking at the next key level to be the 2010 high, near the 95.00 handle. Maybe we can expect some resistance there at 95.00? At this point, only a return below the 92.00 handle should give us consideration of a bearish correction as most of the consolidations ... (full story)