RTFX TraderTip >> GBP-JPY Analysis - Wednesday 07 July 2010

[RTFX-Trading]

RTFX TraderTip >> GBP-JPY Analysis - 7 Jul 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 : flat correction down 131.88 Scenario for today It looks set to visit further lower territory down to around 132.24 - 131.75. Its corrective attempts should fail ahead of 132.24 - 133.56. Stop loss above 134.53 zone. Key point 132.41 Entry point 133.05 Elliott 133.68 Closing 132.60 Projection 131.88 Trendline 132.91 Trendline 132.91 Res 2 134.53 Ex-High 133.68 Res 1 133.56 Pivot 132.72 Sup 1 131.75 Ex-Low 131.88 Sup 2 130.91 133.91 133.48 132.09 131.66   Warning: Engulfing pattern WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 131.25 Scenario for this week It may attempt a test higher to 134.34 - 135.35 after which weakness may set it to a drift down to 131.38 limit. Key point 132.10 Entry point 133.70 Elliott 136.03 Closing 133.40 Projection 130.44 Trendline 135.27 Trendline 134.51 Res 2 137.29 Ex-High 135.27 Res 1 135.35 Pivot 133.32 Sup 1 131.38 Ex-Low 131.30 Sup 2 129.36 135.37 134.48 131.59 130.70   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat resistance in downtrend 134.07 Scenario for this month It may meet resistance in 132.16 - 133.01 zone for a drift down to 129.60 zone, after which bounce to 135.58 is anticipated. Key point 129.85 Entry point 131.54 Elliott 145.98 Closing 132.17 Projection 123.41 Trendline 138.02 Trendline 131.64 Res 2 138.99 Ex-High 136.42 Res 1 135.58 Pivot 133.01 Sup 1 129.60 Ex-Low 130.44 Sup 2 127.03 136.47 135.15 130.87 129.55   Warning: Low Zone - Imminent end of bearish move - Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

Trading Desk, RTFX Ltd
16th September Square Mosta, MST 1180 Malta
Tel: +356 23 310 000 | Fax: +356 21 412 458

RTFX Ltd is licensed to conduct investment services business by the Malta Financial Services Authority. This information does not constitute an offer or solicitation and is provided for information purposes only. This information shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of RTFX Ltd at the time of preparation. They are thus subject to change without notice. RTFX Ltd believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by RTFX Ltd and no liability in respect of any errors or omissions, including any third party liability, are accepted by RTFX Ltd or any director, officer or employees.