RTFX TraderTip >> GBP-JPY Analysis - Monday 02 August 2010

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RTFX TraderTip >> GBP-JPY Analysis - 2 Aug 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 It should test 136.41 area after which a sell off down to 134.49 or extended to 133.42 area is expected. Key point 135.98 Entry point 135.53 Elliott 137.55 Closing 135.55 Projection 134.99 Trendline 135.93 Trendline 135.21 Res 2 137.12 Ex-High 136.05 Res 1 136.34 Pivot 135.27 Sup 1 134.49 Ex-Low 134.20 Sup 2 133.42 137.31 136.75 134.93 134.37   WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 137.00 Scenario for this week Resistances lie around 136.55 and 137.34. It should test lower towards 133.99 zone. A clear break of 134.91 would be bearish. Key point 136.65 Entry point 136.27 Elliott 130.85 Closing 135.55 Projection 138.90 Trendline 134.20 Trendline 137.56 Res 2 139.12 Ex-High 137.55 Res 1 137.34 Pivot 135.77 Sup 1 133.99 Ex-Low 134.20 Sup 2 132.42 137.75 136.97 134.46 133.68   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : crucial reversal point Scenario for this month Current rise seems to be over near 136.55 or 138.46 for a retracement towards 134.65 - 133.20 area. Key point 136.91 Entry point 134.24 Elliott 126.75 Closing 135.55 Projection 138.63 Trendline 132.59 Trendline 132.90 Res 2 141.36 Ex-High 137.55 Res 1 138.46 Pivot 134.65 Sup 1 131.75 Ex-Low 130.85 Sup 2 127.94 138.94 137.39 132.36 130.81   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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