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

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RTFX TraderTip >> USD-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 USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction up 84.24 Scenario for today It should test 84.37 area after which a sell off down to 83.08 or extended to 82.49 area is expected. Key point 84.01 Entry point 83.43 Elliott 82.84 Closing 83.66 Projection 84.35 Trendline 83.78 Trendline 83.21 Res 2 84.36 Ex-High 83.78 Res 1 84.01 Pivot 83.43 Sup 1 83.08 Ex-Low 82.84 Sup 2 82.49 84.27 84.03 83.27 83.03   WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 84.40 Scenario for this week It should be subject to more sell off towards 82.76 or 81.57. Corrective upward swings should face resistance around 85.35 area. A break of 85.49 is bullish. Key point 83.35 Entry point 82.84 Elliott 82.34 Closing 83.94 Projection 84.40 Trendline 84.31 Trendline 84.21 Res 2 85.49 Ex-High 84.31 Res 1 84.72 Pivot 83.53 Sup 1 82.76 Ex-Low 82.34 Sup 2 81.57 84.87 84.33 82.59 82.05   MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 84.40 Scenario for this month It should trade higher to 85.31 while 82.79 or 81.98 offers support. Stop loss below 81.17 zone. Key point 84.42 Entry point 82.34 Elliott 80.26 Closing 83.69 Projection 84.40 Trendline 82.27 Trendline 82.27 Res 2 86.93 Ex-High 84.40 Res 1 85.31 Pivot 82.79 Sup 1 81.17 Ex-Low 80.26 Sup 2 78.64 85.36 84.40 81.30 80.34   Warning: End of trend - Engulfing pattern Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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