RTFX TraderTip >> USD-JPY Analysis - Monday 20 April 2009

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RTFX TraderTip >> USD-JPY Analysis - 20 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 : zigzag or flat correction 99.7383 Scenario for today It looks set for gains to above 99.7467. Supports at 98.9800 and 99.2333. A break of 98.7267 will damage this bullish structure. Key point 99.2633 Entry point 99.0866 Elliott 98.1500 Closing 99.2400 Projection 99.7383 Trendline 98.8624 Trendline 99.0050 Res 2 100.2533 Ex-High 99.7400 Res 1 99.7467 Pivot 99.2333 Sup 1 98.7267 Ex-Low 98.7200 Sup 2 98.2133 100.1225 99.7690 98.6250 98.2715   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : correction zigzag 98.4222 Scenario for this week It is likely to fall towards 98.0200 as its corrective rally could falter in 99.9800 - 99.3700 area. Stop above 100.5900 zone. Key point 99.1037 Entry point 99.7319 Elliott 101.4400 Closing 99.2400 Projection 98.4222 Trendline 100.7200 Trendline 100.0000 Res 2 101.9400 Ex-High 100.7200 Res 1 100.5900 Pivot 99.3700 Sup 1 98.0200 Ex-Low 98.1500 Sup 2 96.8000 100.8969 100.3013 98.3737 97.7781   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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