The Yen is approaching a major resistance level for the 4th to 5th time depending on how you look at a graph. The graph itself is beginning to form a classic Ascending Triangle Formation. If you believe in technical patterns watch out for it. Should this pattern fulfill itself, then, we can expect a smaller and smaller trading range from Yen and anticipate a smaller and smaller trading range from the S&P 500, as well. This is exactly what happened and our trading style and strategy for the week was designed to accommodate the forecast. Get on board!