Thread: RTFX TraderTip >> GBP-JPY Analysis - Friday 03 September 2010

RTFX TraderTip >> GBP-JPY Analysis - 3 Sep 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 : elongated flat correction down 128.87 Scenario for today While below 130.19 - 130.53 it might drop to 129.10 or 128.43. Key point 129.64 Entry point 129.55 Elliott 133.62 Closing 129.77 Projection 128.50 Trendline 129.83 Trendline 129.60 Res 2 131.28 Ex-High 130.61 Res 1 130.53 Pivot 129.85 Sup 1 129.10 Ex-Low 129.18 Sup 2 128.43 131.85 131.26 129.35 128.76   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 128.67 Scenario for this week It should test 135.81 area after which a sell off down to 129.69 or extended to 126.96 area is expected. Key point 131.11 Entry point 131.11 Elliott 133.62 Closing 132.41 Projection 125.61 Trendline 132.66 Trendline 132.18 Res 2 136.07 Ex-High 133.35 Res 1 134.24 Pivot 131.52 Sup 1 129.69 Ex-Low 128.79 Sup 2 126.96 134.96 133.49 128.73 127.26   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 128.67 Scenario for this month There is bearish potential for a fall to 126.01 while 131.89 - 133.50 resist. After this fall a recovery up to 133.50 or 135.12 is expected. Key point 124.11 Entry point 130.94 Elliott 137.78 Closing 129.23 Projection 128.67 Trendline 133.71 Trendline 133.71 Res 2 141.00 Ex-High 137.78 Res 1 135.12 Pivot 131.89 Sup 1 126.01 Ex-Low 128.67 Sup 2 122.79 136.10 134.36 128.74 127.00   Warning: Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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