Thread: RTFX TraderTip >> GBP-JPY Analysis - Monday 22 March 2010

RTFX TraderTip >> GBP-JPY Analysis - 22 Mar 2010 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 135.18 Scenario for today Market should not go lower than 134.98. After this move down it should go up to 137.47 area. Key point 134.98 Entry point 136.64 Elliott 139.36 Closing 135.92 Projection 135.18 Trendline 137.83 Trendline 137.62 Res 2 139.02 Ex-High 138.10 Res 1 137.47 Pivot 136.55 Sup 1 135.01 Ex-Low 135.64 Sup 2 134.09 138.72 138.09 136.06 135.43   Warning: Low Zone - Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 134.83 Scenario for this week Current move should be supported in 135.55 - 134.28 zone for a rise to 138.46. A break below 132.64 opens the way down. Key point 134.57 Entry point 136.97 Elliott 139.36 Closing 135.92 Projection 134.83 Trendline 135.82 Trendline 136.76 Res 2 141.00 Ex-High 139.36 Res 1 138.46 Pivot 136.82 Sup 1 134.28 Ex-Low 135.18 Sup 2 132.64 139.13 138.16 135.03 134.06   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 128.74. After this move down it should go up to 140.39 - 142.30 area. Key point 133.43 Entry point 138.13 Elliott 150.72 Closing 135.49 Projection 125.18 Trendline 145.29 Trendline 139.87 Res 2 149.11 Ex-High 145.29 Res 1 142.30 Pivot 138.48 Sup 1 131.67 Ex-Low 134.67 Sup 2 127.86 145.10 142.33 133.35 130.58   Warning: Imminent end of bearish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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