RTFX TraderTip >> GBP-USD Analysis - Monday 28 June 2010

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RTFX TraderTip >> GBP-USD Analysis - 28 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 GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.5174 Scenario for today It should try higher up to 1.5066 - 1.5136. Entry point 1.4996 or 1.4960. After this rise, a correction is expected. Key point 1.5164 Entry point 1.4995 Elliott 1.4688 Closing 1.5063 Projection 1.5213 Trendline 1.4963 Trendline 1.4963 Res 2 1.5208 Ex-High 1.5069 Res 1 1.5136 Pivot 1.4996 Sup 1 1.4924 Ex-Low 1.4856 Sup 2 1.4784 1.5053 1.5006 1.4855 1.4808   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat support in correction up 1.4933 Scenario for this week Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5211 or 1.5192 if support around 1.4940 hold. After which a pullback to 1.4940 - 1.4875 zone is possible. Key point 1.5248 Entry point 1.4988 Elliott 1.4347 Closing 1.5063 Projection 1.5295 Trendline 1.4756 Trendline 1.4858 Res 2 1.5321 Ex-High 1.5069 Res 1 1.5192 Pivot 1.4940 Sup 1 1.4811 Ex-Low 1.4688 Sup 2 1.4559 1.5201 1.5113 1.4828 1.4740   Warning: Imminent end of bullish move MONTHLY TECHNICAL ANALYSIS GBP-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 1.4327 Scenario for this month Market should pop up towards 1.4929 or 1.5163 this bullish scenario would be damaged if 1.4383 - 1.4069 zone is broken, a severe break down could then occur. Key point 1.4841 Entry point 1.5032 Elliott 1.5524 Closing 1.4536 Projection 1.4327 Trendline 1.5323 Trendline 1.5122 Res 2 1.5789 Ex-High 1.5323 Res 1 1.5163 Pivot 1.4696 Sup 1 1.4069 Ex-Low 1.4229 Sup 2 1.3603 1.5477 1.5196 1.4288 1.4007   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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