Forex Trading Signals/Analysis for GBP/JPY (Wk Strt 11/05/08)

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EDIT: Sorry guys email notification of this post did not go out right away.

Hey Guys,

Here is this weeks analysis. I only mention one line in the analysis because like last time we got a large move I want to see what the market does after it opens before I pick my trades. At open the market can do 1 of 3 things:

1. Retrace to last weeks highs
2. Start ranging for a few days or the whole week.
3. Continue with the bearish trend.

Best case scenario it continues moving down, but until I see it pick a direction I cannot give much analysis. Watch the video below, I explain a few things and point out the 1 usable line.Watch out for updates to this analysis.