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

[RTFX-Trading]

RTFX TraderTip >> USD-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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 86.34 Scenario for today Current fall is near an end of wave around 86.40 zone, a rally should then procede to above 87.34. Fall below 86.02 would cancel this scenario. Key point 86.47 Entry point 86.84 Elliott 88.12 Closing 86.79 Projection 86.34 Trendline 87.52 Trendline 86.92 Res 2 87.90 Ex-High 87.52 Res 1 87.34 Pivot 86.96 Sup 1 86.40 Ex-Low 86.57 Sup 2 86.02 87.93 87.67 86.81 86.55   Warning: Imminent end of bearish move WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 88.43 Scenario for this week It should test 88.67 area after which a sell off down to 86.61 or extended to 85.86 area is expected. Key point 86.81 Entry point 86.55 Elliott 86.27 Closing 87.36 Projection 89.15 Trendline 87.57 Trendline 85.99 Res 2 88.33 Ex-High 87.57 Res 1 87.85 Pivot 87.09 Sup 1 86.61 Ex-Low 86.34 Sup 2 85.86 88.28 87.85 86.46 86.03   Warning: Harami MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Market should not go lower than 88.36 - 86.85. After this move down it should go up to 90.66 - 91.45 area. Key point 85.42 Entry point 89.04 Elliott 94.99 Closing 88.43 Projection 83.62 Trendline 92.89 Trendline 90.79 Res 2 94.46 Ex-High 92.89 Res 1 91.45 Pivot 89.87 Sup 1 86.85 Ex-Low 88.29 Sup 2 85.27 92.18 91.02 87.28 86.12   Warning: 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.