RTFX TraderTip >> GBP-JPY Analysis - Friday 10 December 2010

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RTFX TraderTip >> GBP-JPY Analysis - 10 Dec 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 : elongated flat correction up 132.90 Scenario for today Current move should be supported in 131.92 - 131.58 zone for a rise to 133.42. A break below 131.08 opens the way down. Key point 132.53 Entry point 132.23 Elliott 129.47 Closing 132.08 Projection 133.17 Trendline 132.07 Trendline 132.86 Res 2 133.42 Ex-High 132.93 Res 1 132.75 Pivot 132.25 Sup 1 131.58 Ex-Low 131.76 Sup 2 131.08 132.57 132.15 130.80 130.38   Warning: Harami WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 133.51 Scenario for this week Current fall is near an end of wave around 129.30 zone, a rally should then procede to above 131.71. Fall below 128.12 would cancel this scenario. Key point 129.74 Entry point 129.55 Elliott 129.35 Closing 130.48 Projection 134.23 Trendline 132.36 Trendline 129.31 Res 2 132.93 Ex-High 131.76 Res 1 131.71 Pivot 130.53 Sup 1 129.30 Ex-Low 129.35 Sup 2 128.12 133.30 132.39 129.45 128.54   MONTHLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : zigzag or flat correction 133.45 Scenario for this month It looks more likely that it would rise to 133.37 - 136.50 from 129.52 or 127.96. After which a downside move is expected. Key point 130.97 Entry point 130.48 Elliott 126.46 Closing 130.24 Projection 133.45 Trendline 128.81 Trendline 131.16 Res 2 136.50 Ex-High 134.23 Res 1 133.37 Pivot 131.09 Sup 1 127.96 Ex-Low 128.81 Sup 2 125.68 135.00 133.62 129.14 127.76   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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