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

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RTFX TraderTip >> GBP-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 GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 144.8200 Scenario for today Uptrend is still intact in a triangle configuration. It should continue to rally to 144.2960 or 145.0670 if support around 143.3580 hold. After which a pullback to 143.3580 - 142.8170 zone is possible. Key point 144.9255 Entry point 143.5241 Elliott 139.3000 Closing 143.9850 Projection 146.1227 Trendline 142.3756 Trendline 142.8235 Res 2 146.1490 Ex-High 144.4400 Res 1 145.0670 Pivot 143.3580 Sup 1 142.2760 Ex-Low 141.6490 Sup 2 140.5670 145.4814 144.5575 141.5677 140.6438   WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 140.8297 Scenario for this week It is likely to fall to 138.5300 or below 134.4500 in extension while 143.3800 - 145.4200 area offer resistance. Above 147.4600 the outlook could turn bullish. Key point 140.6500 Entry point 144.5733 Elliott 151.6200 Closing 142.6100 Projection 138.6065 Trendline 148.1475 Trendline 146.5350 Res 2 152.3100 Ex-High 148.2300 Res 1 147.4600 Pivot 143.3800 Sup 1 138.5300 Ex-Low 139.3000 Sup 2 134.4500 148.2382 146.3350 140.1758 138.2726   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month There is bearish potential for a fall to 137.0414 while 144.3307 - 146.8460 resist. After this fall a recovery up to 146.8460 or 149.3613 is expected. Key point 141.5000 Entry point 144.2649 Elliott 163.0900 Closing 142.0720 Projection 136.7004 Trendline 148.8766 Trendline 150.8000 Res 2 156.6507 Ex-High 151.6200 Res 1 149.3613 Pivot 144.3307 Sup 1 137.0414 Ex-Low 139.3000 Sup 2 132.0107 150.3645 148.0299 140.4746 138.1400   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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