Topping: The USD/JPY has been very bullish since September 2012. There has been rarely any significant corrections against this trend that went from about 77.10 to now 87.34. As we begin the 1/3 US session, we see that the USD/JPY is starting the year stalling here. Falling under 87.00, it also shows some topping with momentum lost as the 1H RSI falls below 40. Trendline: The short-term topping action is now coming down against a rising trendline that goes back to the start of the latest bull run from Dec. 21 2012.  A break below this trendline first opens up the 86.00 handle and the 85.66 pivot. I don’t want ... (full story)