2007-08-16

Yen index is about 87.80

1 day chart:
Yen index is about 87.80!!!
Huge gap apearing on Yen index, the gap needs to be filled now. This means the JPY now may go down. In case the gap began to be filled, this means that the index will close lower, and we will have a reversed triangle - e.g. JPY will go to the support.

Note this is not technical analysis, we need to wait 2-3 days and see what will happen before any analysis can be done.

1 week chart:

Weekly chart is even more disturbing. Long time resistance line is broken. Is this a false break, or not, we can see in 2-3 days.

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