RTFX TraderTip >> USD-JPY Analysis - Monday 05 October 2009

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RTFX TraderTip >> USD-JPY Analysis - 5 Oct 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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 90.4100 Scenario for today It should test 90.7000 area after which a sell off down to 88.9200 or extended to 88.1000 area is expected. Key point 90.2200 Entry point 89.4100 Elliott 88.6000 Closing 89.7400 Projection 90.4100 Trendline 89.8626 Trendline 89.6750 Res 2 90.7400 Ex-High 89.9200 Res 1 90.2400 Pivot 89.4200 Sup 1 88.9200 Ex-Low 88.6000 Sup 2 88.1000 90.4672 90.1860 89.2760 88.9948   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 90.6792 Scenario for this week Market should hold major support at 87.7300 before rising towards 90.6867 or even 91.6333 limit. Key point 89.4494 Entry point 89.5203 Elliott 97.7800 Closing 89.7400 Projection 85.3861 Trendline 90.6813 Trendline 89.3643 Res 2 91.6333 Ex-High 90.4100 Res 1 90.6867 Pivot 89.4633 Sup 1 88.5166 Ex-Low 88.2400 Sup 2 87.2933 90.8492 90.3463 88.7187 88.2158   MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an elongated correction 90.3146 Scenario for this month Current fall is near an end of wave around 87.4833 zone, a rally should then procede to above 92.6733. Fall below 85.2667 would cancel this scenario. Key point 86.3650 Entry point 88.8100 Elliott 97.7800 Closing 89.7000 Projection 88.0073 Trendline 93.4300 Trendline 89.0800 Res 2 95.6467 Ex-High 93.4300 Res 1 92.6733 Pivot 90.4567 Sup 1 87.4833 Ex-Low 88.2400 Sup 2 85.2667 92.8444 91.8000 88.4200 87.3756   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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