RTFX TraderTip >> GBP-JPY Analysis - Friday 19 February 2010

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RTFX TraderTip >> GBP-JPY Analysis - 19 Feb 2010 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 : common flat correction up 143.63 Scenario for today It should trade higher to above 143.45 while 141.78 - 141.35 offer support. Stop Loss below 140.12 zone. Key point 143.12 Entry point 142.06 Elliott 140.99 Closing 142.58 Projection 143.63 Trendline 143.08 Trendline 142.54 Res 2 144.32 Ex-High 143.09 Res 1 143.45 Pivot 142.22 Sup 1 141.35 Ex-Low 140.99 Sup 2 140.12 143.21 142.76 141.32 140.88   WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week Market should hold major support at 138.25 before rising towards 142.40 or even 143.79 limit. Key point 142.79 Entry point 140.39 Elliott 138.26 Closing 141.02 Projection 145.96 Trendline 142.18 Trendline 138.53 Res 2 143.79 Ex-High 141.91 Res 1 142.40 Pivot 140.52 Sup 1 139.14 Ex-Low 138.64 Sup 2 137.26 143.72 142.77 139.68 138.73   Warning: Harami MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month It looks more likely that it would rise to 148.77 - 153.28 from 143.95 or 141.69. After which a downside move is expected. Key point 139.87 Entry point 145.29 Elliott 150.72 Closing 144.25 Projection 132.24 Trendline 144.32 Trendline 145.82 Res 2 153.28 Ex-High 150.72 Res 1 148.77 Pivot 146.21 Sup 1 141.69 Ex-Low 143.65 Sup 2 139.14 150.19 148.01 140.96 138.78   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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