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

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RTFX TraderTip >> EUR-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 EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : irregular flat correction up 111.58 Scenario for today Current move should be supported in 110.74 - 110.43 zone for a rise to 112.10. A break below 109.98 opens the way down. Key point 110.97 Entry point 110.95 Elliott 109.57 Closing 110.89 Projection 111.20 Trendline 111.04 Trendline 111.09 Res 2 112.10 Ex-High 111.65 Res 1 111.49 Pivot 111.04 Sup 1 110.43 Ex-Low 110.59 Sup 2 109.98 111.64 111.30 110.19 109.85   WEEKLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction down 109.10 Scenario for this week It should try higher up to 111.38 - 112.39. Entry point 110.37 or 109.66. After this rise, a correction is expected. Key point 111.51 Entry point 110.10 Elliott 114.95 Closing 110.96 Projection 108.65 Trendline 111.79 Trendline 108.62 Res 2 113.81 Ex-High 111.79 Res 1 112.39 Pivot 110.37 Sup 1 108.95 Ex-Low 108.35 Sup 2 106.93 112.57 111.72 108.96 108.11   MONTHLY TECHNICAL ANALYSIS EUR-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 108.00 Scenario for this month There is bearish potential for a fall to 106.19 while 110.81 - 112.04 resist. After this fall a recovery up to 112.04 or 113.27 is expected. Key point 107.87 Entry point 112.46 Elliott 115.68 Closing 108.65 Projection 105.44 Trendline 115.42 Trendline 115.17 Res 2 117.88 Ex-High 115.42 Res 1 113.27 Pivot 110.81 Sup 1 106.19 Ex-Low 108.35 Sup 2 103.73 115.12 113.53 108.39 106.80   Warning: End of trend Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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