It has been 14 days and counting that the most recent gap which resulted from French election left many bears holding the bag, including myself. Unless you have a stomach that can hold a position until the tide turns in your favor; today may be the good news, however. Take a look at this chart. The technicals show that this pair, USD/JPY reached what seems to be the reversal point for many cases at 78.6 percent retracement. Although it is still quite early to predict whether it continues higher, the gap will eventually get filled at some point. The daily candle close indicates what seems to be a twizzer top, or a double top on a lower timeframe signals a reversal, and we may be heading southbound. A weekly close candle should confirm the longer term perspective of this pair, along with patterns to dictate the next move. Only half way through the month and interest rates hike in June will create massive volatility in the market. Until then, happy trading. Cheers!