http://rapidshare.com/files/117827526/gj0526.swf.html

Good evening to everybody and FXKRED and I want to show you the today's events at GBPJPY.  
The 	today's most important event was that in  New York and London there was a holiday. So it was a newsless day. It is difficult and the other side is easy to trade.  But what is the trend, this is the hardest thing to achieve. But in the case of Japanese yen not too difficult.
- let's see what had happened nowadays at GJ.
At the to Friday's video I had the drawed the Fibonacci line, which can be seen on the 220 TF chart.
The monthly pivot at indigo lines. It comes from the April's candlestick.  They the zero level, the candles low, is 197,2 and that high a level is 208,99. So we could draw the Fibonacci retracements and get the monthly pivot levels.  
On Thursday we have seen that the stochastic indicator was pushed up pronely, add the first time and stay on the top unto the end of day.
Today was the same situation. As we have seen that there was 400 points emerging without any retracement.  If you have had about Elliot wave  theory then you can predict where the price could go.  The Elliott wave theory says that every of a cause is off five subwaves. ... the first Elliott wave goes from 202 level up to 206. And the second wave which is a retracement the most likely is the 61,8% of the first push ups which reach is exactly 204,19.
 - today was a newsless day so I thought that I would draw the weekly pivot lines, similar to the monthly pivot lines using the previous week's candlestick.
If you take the highest highs and lowest low level of the candlestick we would do identify the highest and lowest in the level of the Fibonacci retracement of the least week.
Today the buyer is I put up the price to the first wweekly Fibonacci level which was 205.10.

We would try to illuminate of the background of the today's trade. The price could go either the action up or  down. We had to collect the proof when the price should go. The Elliot wave theory suggested that the price should go up to the weeks first Fibonacci level. 
The today's first price movements was downstairs. We could suggest that it would hit the Friday's allow which is near the Fibonacci monthly level. If the price played down the supply then it should go to the lower Fibonacci level down to 203. We have to realize that in our-based chart which is the 220 ticks, that recent  price low is near to the lower level of Bollinger band reach is a very strong resistance. So the price couldn't break lower Bollinger band lines so it easily could be a double bottom which is the first sign off tuning up of the trend.  Beside this on the stochastic indicator showed a positive divergency  on 55 tickframe. as made the long MACD ion 55 tf, too.
At the 220 TF the Quick MACD made a hidden divergency which is a price continuation in pattern. Hidden divergency means when the price are making high low and the MACD make a lower low.