RTFX TraderTip >> USD-JPY Analysis - Friday 17 April 2009

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RTFX TraderTip >> USD-JPY Analysis - 17 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 : elongated flat correction down 98.6200 Scenario for today It should trade higher to above 99.6833 while 99.1067 offer support. Minor support at 98.9000. Stop Loss below 98.1167 zone. Key point 99.5150 Entry point 99.2785 Elliott 100.7200 Closing 99.2700 Projection 98.4548 Trendline 99.3075 Trendline 99.0650 Res 2 100.0967 Ex-High 99.5200 Res 1 99.6833 Pivot 99.1067 Sup 1 98.6933 Ex-Low 98.5300 Sup 2 98.1167 100.3109 99.9695 98.8645 98.5231   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this week While below 101.3867 it is more likely to fall further towards 99.8100 or 99.2667. Premature rise above 101.3867 could see it rising above 102.4733 zone. Key point 100.0000 Entry point 100.7200 Elliott 101.4400 Closing 100.3000 Projection 96.5578 Trendline 99.0066 Trendline 102.6800 Res 2 102.4733 Ex-High 101.4400 Res 1 101.3867 Pivot 100.3533 Sup 1 99.2667 Ex-Low 99.3200 Sup 2 98.2333 101.8046 101.0800 98.7350 98.0104   Warning: End of trend 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 102.9300 Entry point 98.7567 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 102.0169 100.5600 95.8450 94.3881   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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