remember what happened with GBP/USD everyone thought that when the price touch the highs level 1.9800 it`ll go back down but it actually went 300pips up instead.be awere of that and when the price creating new highs you can get clear brakeout and then god with you.
this is very dangerous position either for long or short entry.
PTA:
Protect Thy A**
if you want to gamble go to casino or go for something more safer and more predictable if you want to succeed in forex
With the GBP/JPY moving side ways for over a week, I really wonder which way it will go. 
i know you hate charts and indicators but on my chart with my indicators the history looks very god for long time traders.
on 4 hours chart from 19.3.2007 to 27.4.2007 (38 days)
when my indicators crossed at price 226.85 untill now with highs level price of 239.40 profit of 1255 pips
and on 1 day chart from 5.4.2007 to 27.4.2007 (22 days)
when my indicators crossed at price 231.64 untill now with highs level price of 239.40 profit of 777 pips
just pete that i`m not long time trader:D
but it look like it`ll go down in maybe 2 weeks time untill that time probably side way or bit higher.
what do you think?
I think…
I think…
Hmm…
I don’t know what I think. Do I think. I thought I was thinking once. Then maybe I was thinking I only had a thought. Thinking about it now, I was not thinking I only had a thought. But if you think about it, thought is the result of thinking. So to have a thought means you were thinking. So I guess I do think.
I think. Yes, thats correct. I do think, so now I will have more thoughts.
So what do I think?
Hmm…
I have no idea.
Call me silly, I maybe wrong, but I think the EUR/JPY will be down to ~160 before the end of the month.
Place not live trades.
I still have no clue which way it will go.
That’s correct, I’m still not sure.