RTFX TraderTip >> GBP-JPY Analysis - Wednesday 15 December 2010

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RTFX TraderTip >> GBP-JPY Analysis - 15 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 : correction zigzag 131.27 Scenario for today It is likely to fall towards 131.64 - 131.29 as its corrective rally could falter in 132.33 - 132.67 area. Stop above 133.36 zone. Key point 131.95 Entry point 132.22 Elliott 133.07 Closing 131.98 Projection 130.84 Trendline 132.68 Trendline 132.29 Res 2 133.36 Ex-High 132.68 Res 1 132.67 Pivot 131.99 Sup 1 131.29 Ex-Low 131.30 Sup 2 130.61 133.08 132.75 131.69 131.37   WEEKLY TECHNICAL ANALYSIS GBP-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 133.51 Scenario for this week It should trade higher to 133.97 while 131.76 or 131.13 offers support. Stop loss below 130.50 zone. Key point 133.05 Entry point 130.96 Elliott 129.35 Closing 132.71 Projection 134.23 Trendline 129.55 Trendline 129.74 Res 2 135.23 Ex-High 133.01 Res 1 133.97 Pivot 131.76 Sup 1 130.50 Ex-Low 129.55 Sup 2 128.29 133.85 133.04 130.42 129.61   Warning: End of trend 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 2 125.68 135.04 133.65 129.14 127.75   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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