RTFX TraderTip >> USD-JPY Analysis - Monday 08 February 2010

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RTFX TraderTip >> USD-JPY Analysis - 8 Feb 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 : elongated flat correction down 88.7485 Scenario for today It should test 89.4380 area after which a sell off down to 88.8440 or extended to 88.3040 area is expected. Key point 89.1073 Entry point 89.2664 Elliott 91.2760 Closing 89.3840 Projection 88.5497 Trendline 90.0881 Trendline 89.1940 Res 2 90.4280 Ex-High 89.8880 Res 1 89.9060 Pivot 89.3660 Sup 1 88.8440 Ex-Low 88.8260 Sup 2 88.3040 90.9300 90.5615 89.3689 89.0004   Warning: Harami WEEKLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 88.5530 Scenario for this week There is bearish potential for a fall to 88.9685 - 88.1993 while 89.7377 - 90.3300 resist. After this fall a recovery up to 90.3300 or 90.9223 is expected. Key point 88.8535 Entry point 90.0647 Elliott 91.2760 Closing 89.3840 Projection 88.5530 Trendline 89.9720 Trendline 89.9720 Res 2 92.4607 Ex-High 91.2760 Res 1 90.9223 Pivot 89.7377 Sup 1 88.1993 Ex-Low 88.5530 Sup 2 87.0147 91.3015 90.6704 88.6281 87.9970   Warning: Engulfing pattern MONTHLY TECHNICAL ANALYSIS USD-JPY         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 88.2320 Scenario for this month There are initial signs of a good corrective recovery towards 92.0110 or even 92.9670. Supports at 89.6985 and 88.3420 zone. Key point 88.7840 Entry point 91.2760 Elliott 93.7680 Closing 90.2540 Projection 88.2320 Trendline 89.0760 Trendline 92.1210 Res 2 95.6800 Ex-High 93.7680 Res 1 92.9670 Pivot 91.0550 Sup 1 88.3420 Ex-Low 89.1430 Sup 2 86.4300 93.6573 92.5220 88.8480 87.7127   Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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