RTFX TraderTip >> GBP-JPY Analysis - Thursday 06 May 2010

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RTFX TraderTip >> GBP-JPY Analysis - 6 May 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 : irregular flat correction down 140.76 Scenario for today Market should not go lower than 141.45 - 140.59. After this move down it should go up to 142.86 - 143.41 area. Key point 140.72 Entry point 142.71 Elliott 145.22 Closing 141.68 Projection 139.38 Trendline 144.24 Trendline 143.16 Res 2 145.14 Ex-High 144.04 Res 1 143.41 Pivot 142.32 Sup 1 140.59 Ex-Low 141.23 Sup 2 139.50 144.87 144.24 142.22 141.60   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 141.04 Scenario for this week Current rise should end around 145.89. Objectives of this downmove are 141.52 or 139.38. A rise above 148.12 is again bullish. Key point 143.87 Entry point 144.93 Elliott 145.98 Closing 143.66 Projection 139.40 Trendline 141.61 Trendline 143.82 Res 2 148.12 Ex-High 145.98 Res 1 145.89 Pivot 143.75 Sup 1 141.52 Ex-Low 141.61 Sup 2 139.38 146.70 145.45 141.42 140.17   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month While below 144.82 - 146.63 it is more likely to fall further towards 141.53 or 140.05. Premature rise above 146.63 could see it rising above 149.59 zone. Key point 145.83 Entry point 144.46 Elliott 132.03 Closing 143.66 Projection 150.72 Trendline 139.40 Trendline 146.77 Res 2 149.59 Ex-High 145.98 Res 1 146.63 Pivot 143.01 Sup 1 140.05 Ex-Low 139.40 Sup 2 136.43 147.04 145.45 140.31 138.72   Warning: Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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