GBPJPY analysis - welcome back.......

wow... what a week.... <:-P
market really moved during the festive season
really enjoyed all the trades while celebrating Eid...
ok.. let's move to next week possible outlook... ;)
monthly chart - bearish two black crows; indicating bears are still in command
weekly chart - three inside down pattern; usually a bearish continuation indication
daily chart - bullish harami; however, any upward move should be limited to 50% monthly fibo (190.944)
furthermore, the market is not impressed with the US $700b bailout plan; read here

my strategy :
wait for the retracement to complete before going SHORT again
should the price pierced August low, we might reach 176.xx soon 
[-o<


UPDATE: as of Monday 1 pm Malaysia, price dived to 180.689
around 580 pip from Friday close
already secured some pips...
let's see how low the baby will go...
B-)

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