No, I had been watching it on the one hour chart too for the last 24 hours it formed a nice ascending triangle. The Yen just fell apart. USD/JPY broke through support, but all of a sudden bounced opposite of what I expected.
stang don't short EU again.. If it does dip just get long.. I can't tell if 1.405 was KO'd or not but the market will keep trying .. the USD problems are very, very unlikely to be solved quickly. Obama just said he doesn't care if our credit rating is cut..
I have $100,000 going south with Swissie and will add another $100,000 at 1.0765 .. there's nothing to stop it from going to 1.048 if it gets past that.