GBP/JPY Pre-Market Review 7 Dec 2008 : H4 & H1 Chart Conflict

Salam,

GBP/JPY H1 Chart












GBP/JPY H4 Chart

Looking on H1 Chart it shows that price already bounce on top trendline... should GJ go to under 130.xx to form double bottom on weekly chart (price on 129.03-10 in 1995)

If top trendline on H1 Chart breakout where will another wave will be form? For the last two week we are waiting for retacement... are Bull momentum will be exist next week? Refer to H4 Chart i'm already marked posibble level price would be reach if the retrace do exist.. with economic scenario right now.. Buy/Long position seem like very very high risk to take. Later on we will see the result once next week market session... Trade on whut u see.. n Trade with SL ;p .. Gud Luck..

Last word.. Happy Hari Raya Qurban for Muslim