ForexTV | June 8 2012 9:38 EDT
ForexTV.com (New York) by Timothy Kelly
USD/JPY continues to maintain a technical bullish trend change as it trades above the daily Ichimoku Kijun-sen line (22-day MA). The pair has not traded above this technical threshhold since April 5.
However, risk-off sentiment and the 200 period MA on the 4-Hour chart have price action capped in the 79.80 area.
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