RTFX TraderTip >> EUR-JPY Analysis - Thursday 24 June 2010

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RTFX TraderTip >> EUR-JPY Analysis - 24 Jun 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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : extension wave down 110.15 Scenario for today Current fall is near an end of wave around 109.85 zone, a rally should then procede to above 111.33. Fall below 109.13 would cancel this scenario. Key point 110.16 Entry point 110.40 Elliott 113.41 Closing 110.57 Projection 109.47 Trendline 111.18 Trendline 110.27 Res 2 112.09 Ex-High 111.38 Res 1 111.33 Pivot 110.61 Sup 1 109.85 Ex-Low 109.89 Sup 2 109.13 112.59 112.20 110.94 110.56   Warning: End of trend WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 109.89 Scenario for this week While below 112.80 - 113.45 it is more likely to fall further towards 111.57 or 110.99. Premature rise above 113.45 could see it rising above 114.61 zone. Key point 111.87 Entry point 111.87 Elliott 113.41 Closing 112.28 Projection 107.72 Trendline 110.86 Trendline 113.65 Res 2 114.61 Ex-High 113.32 Res 1 113.45 Pivot 112.16 Sup 1 110.99 Ex-Low 110.86 Sup 2 109.70 114.29 113.37 110.38 109.46   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : resistance in an impulse wave down 114.55 Scenario for this month Market should not go lower than 104.19. After this move down it should go up to 118.89 - 122.24 area. Key point 107.28 Entry point 115.76 Elliott 127.92 Closing 112.31 Projection 102.39 Trendline 125.46 Trendline 123.01 Res 2 132.16 Ex-High 125.46 Res 1 122.24 Pivot 115.54 Sup 1 105.61 Ex-Low 108.83 Sup 2 98.91 123.32 119.81 108.46 104.95   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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