RTFX TraderTip >> GBP-JPY Analysis - Friday 21 August 2009

[RTFX-Trading]

RTFX TraderTip >> GBP-JPY Analysis - 21 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 154.2079 Scenario for today It is likely to fall towards 155.0150 - 154.4433 as its corrective rally could falter in 156.1100 - 156.6333 area. Stop above 157.7767 zone. Key point 155.3450 Entry point 155.8100 Elliott 157.5300 Closing 155.4900 Projection 153.6400 Trendline 156.7292 Trendline 155.9300 Res 2 157.7767 Ex-High 156.7300 Res 1 156.6333 Pivot 155.5867 Sup 1 154.4433 Ex-Low 154.5400 Sup 2 153.3967 157.6164 156.7935 154.1305 153.3076   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 153.0104 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 152.1000 Entry point 158.8225 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 161.9477 160.2450 154.7347 153.0320   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : support in a triangle up 152.8232 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 160.1800 Entry point 153.4801 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 165.0591 161.5350 150.1300 146.6059   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September SquareMosta, MST 1180Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.