RTFX TraderTip >> USD-JPY Analysis - Thursday 09 April 2009

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RTFX TraderTip >> USD-JPY Analysis - 9 Apr 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 : correction zigzag 99.3466 Scenario for today It should see a sell off to below 99.0900 while 99.9800 area curtails its upside. A break beyond 100.6400 will abort the downside. Key point 99.4050 Entry point 100.1917 Elliott 101.4400 Closing 99.7500 Projection 99.3466 Trendline 100.7576 Trendline 100.5850 Res 2 101.5300 Ex-High 100.8700 Res 1 100.6400 Pivot 99.9800 Sup 1 99.0900 Ex-Low 99.3200 Sup 2 98.4300 101.1422 100.7835 99.6225 99.2637   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 99.2318 Scenario for this week Current rise seems to be over near 100.3200 or 101.7733 for a retracement towards 98.8667 - 98.1150 area. Key point 102.6800 Entry point 99.0066 Elliott 93.5400 Closing 100.2700 Projection 103.4745 Trendline 96.9299 Trendline 97.1700 Res 2 103.2767 Ex-High 100.3700 Res 1 101.7733 Pivot 98.8667 Sup 1 97.3633 Ex-Low 95.9600 Sup 2 94.4567 101.9139 100.9050 97.6400 96.6311   Warning: High Zone MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 101.6639 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 101.2634 or 103.5367 if support around 97.3967 hold. After which a pullback to 97.3967 - 96.2550 zone is possible. Key point 103.0350 Entry point 98.8033 Elliott 87.1100 Closing 98.9700 Projection 101.6639 Trendline 93.0425 Trendline 98.4900 Res 2 103.5367 Ex-High 99.6800 Res 1 101.2533 Pivot 97.3967 Sup 1 95.1133 Ex-Low 93.5400 Sup 2 91.2567 102.0061 100.5600 95.8800 94.4339   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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