RTFX TraderTip >> EUR-JPY Analysis - Wednesday 30 June 2010

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RTFX TraderTip >> EUR-JPY Analysis - 30 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 : crucial reversal point 107.18 Scenario for today One more dip to 107.65 - 106.91 is likely followed by a grind higher to 108.92 - 109.46. After which it can resume its downtrend. Key point 107.36 Entry point 108.65 Elliott 113.41 Closing 107.98 Projection 105.95 Trendline 109.83 Trendline 109.35 Res 2 110.93 Ex-High 109.87 Res 1 109.46 Pivot 108.39 Sup 1 106.91 Ex-Low 107.32 Sup 2 105.85 110.72 110.24 108.68 108.20   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction down 106.82 Scenario for this week There is bearish potential for a fall to 108.92 while 111.17 - 111.98 resist. After this fall a recovery up to 111.98 or 112.79 is expected. Key point 108.22 Entry point 110.82 Elliott 113.41 Closing 110.55 Projection 104.78 Trendline 111.78 Trendline 111.78 Res 2 115.04 Ex-High 113.41 Res 1 112.79 Pivot 111.17 Sup 1 108.92 Ex-Low 109.54 Sup 2 107.29 113.25 112.11 108.43 107.29   Warning: Engulfing pattern 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 98.91 123.43 119.81 108.08 104.46   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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