RTFX TraderTip >> GBP-JPY Analysis - Tuesday 16 March 2010

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RTFX TraderTip >> GBP-JPY Analysis - 16 Mar 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 : flat correction down 135.51 Scenario for today It looks more likely that it would rise to 137.50 - 138.80 from 136.01 or 135.36. After which a downside move is expected. Key point 136.07 Entry point 136.98 Elliott 138.08 Closing 136.21 Projection 135.51 Trendline 137.96 Trendline 137.84 Res 2 138.80 Ex-High 137.96 Res 1 137.50 Pivot 136.66 Sup 1 135.36 Ex-Low 135.82 Sup 2 134.52 137.57 137.03 135.29 134.75   WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week It looks set for gains to 138.99. Supports at 135.65 and 134.84. A break of 132.30 will damage this bullish structure. Key point 137.71 Entry point 136.29 Elliott 132.03 Closing 137.37 Projection 139.20 Trendline 133.92 Trendline 135.82 Res 2 140.61 Ex-High 138.08 Res 1 138.99 Pivot 136.46 Sup 1 134.84 Ex-Low 133.93 Sup 2 132.30 138.99 138.02 134.87 133.90   Warning: Low Zone MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 128.74. After this move down it should go up to 140.39 - 142.30 area. Key point 131.76 Entry point 137.17 Elliott 150.72 Closing 135.49 Projection 125.18 Trendline 145.29 Trendline 139.87 Res 2 149.11 Ex-High 145.29 Res 1 142.30 Pivot 138.48 Sup 1 131.67 Ex-Low 134.67 Sup 2 127.86 144.27 141.69 133.35 130.77   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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