GBPJPY, 23.04.11, Asian Session

By traderh
Bulls rampaged through 165.00 yesterday right after a quick sell from 164.50 to 164.00. This huge move could continue on but buying at the highs seems risky for now.

I am stepping on the sidelines for now to wait for a good setup for a long entry. Perhaps a drop and a quick compression at key levels?
Trend Analysis
traderh

Disclaimer