USDJPY Daily Updated 12/17/2012
USDJPY has now broken out above it resistance levels
The dollar/yen pair is now caught within a “consolidation box” as a period of range trading is underway. A break above the recent range resistance level could see the USD/JPY threaten the 15/3/12 84.17 area highs and would mark a resumption of the mid-term strong upside trend.
A sustained break under this area could see the 80.60 area prior resistance zone come back into focus as a potential support level. This area provided significant resistance on the move up. FC
USDJPY 4HRS 
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