RTFX TraderTip >> GBP-JPY Analysis - Friday 30 July 2010

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RTFX TraderTip >> GBP-JPY Analysis - 30 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 : correction zigzag 134.99 Scenario for today Market should pop up towards 136.20 or 136.60 this bullish scenario would be damaged if 135.24 - 134.69 zone is broken, a severe break down could then occur. Key point 135.07 Entry point 135.88 Elliott 137.55 Closing 135.50 Projection 134.99 Trendline 136.89 Trendline 136.23 Res 2 137.70 Ex-High 136.89 Res 1 136.60 Pivot 135.79 Sup 1 134.69 Ex-Low 134.98 Sup 2 133.88 137.17 136.65 134.96 134.44   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 137.73 Scenario for this week It may attempt a test higher to 134.88 - 136.22 after which weakness may set it to a drift down to below 132.05 limit. Key point 138.00 Entry point 134.42 Elliott 130.85 Closing 134.74 Projection 138.90 Trendline 135.02 Trendline 134.21 Res 2 137.71 Ex-High 135.02 Res 1 136.22 Pivot 133.54 Sup 1 132.05 Ex-Low 130.85 Sup 2 129.36 137.42 136.29 132.63 131.50   Warning: End of trend MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point 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 132.90 Entry point 132.59 Elliott 126.75 Closing 132.17 Projection 138.63 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 2 127.03 138.95 136.99 130.64 128.68   Warning: Imminent end of bearish move - Harami Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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