Sunday, April 6, 2008

GBPJPY : Spike Vs beginning of Bearish

11:55PM +GMT8

Tomorrow i quite buzy and i might not able to post my analysis.
Sor far what can i see from chart... i have already checked all timeframes... i'm almost believe that what was happen to the market last friday indicate that it was not just 'big news' spike... it was the early sign for BEARISH looking for the lowest price....
If that things is just a spike... the price will then go back to the track to continue uncompleted wave of BULLISH.... however, M5 to H1 time frames shows to me that the last low already broke previous low....
The last candle of H4... bear candle with short lower shadow.... might tell us that the SELLER get controlled on the market....
The price might up for a while... if the BULL candle not able to break resistance level 203.53.... then what can i suggest is "BEARISH already began"...

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