RTFX TraderTip >> USD-JPY Analysis - Wednesday 02 December 2009

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RTFX TraderTip >> USD-JPY Analysis - 2 Dec 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 : crucial reversal point Scenario for today It looks more likely that it would rise to 87.4350 - 88.1750 from 86.4300 or 86.0600. After which a downside move is expected. Key point 86.8650 Entry point 86.7408 Elliott 84.8100 Closing 86.6950 Projection 87.5168 Trendline 86.6213 Trendline 86.8425 Res 2 88.1750 Ex-High 87.5400 Res 1 87.4350 Pivot 86.8000 Sup 1 86.0600 Ex-Low 86.1650 Sup 2 85.4250 87.5839 87.1858 85.8973 85.4991   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 85.8550 Scenario for this week It is likely to fall to 84.5233 or below 82.4767 in extension while 86.8567 - 87.8800 area offer resistance. Above 88.9033 the outlook could turn bullish. Key point 86.5975 Entry point 87.5740 Elliott 92.3200 Closing 86.5700 Projection 85.3464 Trendline 88.7263 Trendline 88.4800 Res 2 91.2367 Ex-High 89.1900 Res 1 88.9033 Pivot 86.8567 Sup 1 84.5233 Ex-Low 84.8100 Sup 2 82.4767 89.2997 88.3650 85.3400 84.4053   Warning: End of trend MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 85.6090 - 83.7087. After this move down it should go up to 88.8590 - 90.2087 area. Key point 85.1500 Entry point 87.3363 Elliott 97.7800 Closing 86.4080 Projection 84.2746 Trendline 89.8267 Trendline 90.3000 Res 2 94.0093 Ex-High 91.3100 Res 1 90.2087 Pivot 87.5093 Sup 1 83.7087 Ex-Low 84.8100 Sup 2 81.0093 90.6417 89.4250 85.4875 84.2708   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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