5/3/2010 GBP/JPY

Although we had a nice close of the daily candle above the trend line on 4/26, I have a very short term bearish bias. Here's why,
The 1 hour short Bossilator that we rode down last week for 400+ pips, never actually completed, that is it didn't come close to hitting the 800 SMA. Also, we still have a Missed Daily Pivot @ 14096, from 4/20/2010.
As you are probably aware by now, Price eventually hits Weekly or Daily pivots 96% of the time ( with a 20 pip buffer).
Here's my 1 hour chart: