Thread: RTFX TraderTip >> GBP-JPY Analysis - Friday 10 September 2010

RTFX TraderTip >> GBP-JPY Analysis - 10 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 : zigzag or flat correction 130.24 Scenario for today It is a triangle configuration. Market should break either side. Acceleration should occur above 129.63 or under 128.93 limits. Key point 129.34 Entry point 129.03 Elliott 127.92 Closing 129.27 Projection 130.24 Trendline 128.54 Trendline 129.08 Res 2 130.69 Ex-High 129.99 Res 1 129.98 Pivot 129.28 Sup 1 128.57 Ex-Low 128.58 Sup 2 127.87 130.52 130.06 128.55 128.09   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in a flat correction 131.04 Scenario for this week Market should not go lower than 129.60 - 128.26. After this move down it should go up to 132.08 - 133.21 area. Key point 129.33 Entry point 131.02 Elliott 137.78 Closing 130.53 Projection 123.24 Trendline 131.11 Trendline 131.11 Res 2 135.89 Ex-High 133.62 Res 1 133.21 Pivot 130.94 Sup 1 128.26 Ex-Low 128.67 Sup 2 125.99 133.34 132.15 128.29 127.10   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 127.55 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 125.58 Entry point 131.68 Elliott 137.78 Closing 129.23 Projection 126.75 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 2 122.79 136.72 134.73 128.29 126.30   Warning: Low Zone - Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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