RTFX TraderTip >> GBP-JPY Analysis - Monday 17 August 2009

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RTFX TraderTip >> GBP-JPY Analysis - 17 Aug 2009 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 155.9900 Scenario for today Current fall is near an end of wave around 155.7033 zone, a rally should then procede to above 158.0833. Fall below 154.6767 would cancel this scenario. Key point 155.8125 Entry point 156.6256 Elliott 160.3500 Closing 156.7300 Projection 155.9900 Trendline 158.4092 Trendline 156.4700 Res 2 159.4367 Ex-High 158.4100 Res 1 158.0833 Pivot 157.0567 Sup 1 155.7033 Ex-Low 156.0300 Sup 2 154.6767 160.0065 159.2210 156.6790 155.8935   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 154.9350 Scenario for this week There is bearish potential for a fall to 154.1600 while 158.5600 - 159.8450 resist. After this fall a recovery up to 159.8450 or 161.1300 is expected. Key point 156.1638 Entry point 159.5295 Elliott 163.0900 Closing 156.7300 Projection 153.0104 Trendline 162.9601 Trendline 162.8300 Res 2 165.5300 Ex-High 162.9600 Res 1 161.1300 Pivot 158.5600 Sup 1 154.1600 Ex-Low 155.9900 Sup 2 151.5900 162.3317 160.7163 155.4885 153.8731   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It may attempt a test higher to 159.0200 - 163.1000 after which weakness may set it to a drift down to below 149.9000 limit. Key point 165.2000 Entry point 155.9901 Elliott 146.7800 Closing 158.0600 Projection 172.3768 Trendline 159.9799 Trendline 157.3600 Res 2 168.1400 Ex-High 159.9800 Res 1 163.1000 Pivot 154.9400 Sup 1 149.9000 Ex-Low 146.7800 Sup 2 141.7400 164.6713 161.5350 151.3851 148.2488   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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