TECHNICAL ANALYSIS 11/10/2012

EURUSD Pivot: 1.289 Our preference: Short positions below 1.289 with targets @ 1.2775 & 1.275 in extension. Alternative scenario: Above 1.289 look for further upside with 1.2935 & 1.296 as targets. Comment: as long as 1.289 is resistance, look for choppy price action with a bearish bias. Key levels 1.296 1.2935 1.289 1.2866 last 1.2775 1.275 1.2725 ____________

GBPUSD Pivot: 1.605 Our preference: Short positions below 1.605 with targets @ 1.5955 & 1.591 in extension. Alternative scenario: Above 1.605 look for further upside with 1.61 & 1.6125 as targets. Comment: as long as 1.605 is resistance, likely decline to 1.5955. Key levels 1.6125 1.61 1.605 1.6021 last 1.5955 1.591 1.589

USDJPY Pivot: 78.35 Our preference: Short positions below 78.35 with targets @ 77.85 & 77.75 in extension. Alternative scenario: Above 78.35 look for further upside with 78.45 & 78.65 as targets. Comment: the RSI has broken down its 30 level. Key levels 78.65 78.45 78.35 78.013 last 77.85 77.75 77.65

EURJPY Pivot: 100.7 Our preference: Short positions below 100.7 with targets @ 99.85 & 99.6 in extension. Alternative scenario: Above 100.7 look for further upside with 101 & 101.2 as targets. Comment: as long as 100.7 is resistance, likely decline to 99.85. Key levels 101.2 101 100.7 100.396 last 99.85 99.6 99.45

GOLD Pivot: 1768.00 Our Preference: SHORT positions below 1768 with targets @ 1753 & 1746. Alternative scenario: The upside penetration of 1768 will call for 1779.5 & 1784. Comment: capped by a negative trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 1784** Intraday resistance 1779.5** Intraday resistance 1768** Intraday pivot point 1763.34 Last 1753** Intraday support 1746** Intraday support 1739** Intraday support

NZDUSD Pivot: 0.8215 Our preference: Short positions below 0.8215 with targets @ 0.813 & 0.81 in extension. Alternative scenario: Above 0.8215 look for further upside with 0.824 & 0.8265 as targets. Comment: as long as the resistance at 0.8215 is not surpassed, the risk of the break below 0.813 remains high. Key levels 0.8265 0.824 0.8215 0.8176 last 0.813 0.81 0.8075

AUDUSD Pivot: 1.022 Our preference: Long positions above 1.022 with targets @ 1.0325 & 1.035 in extension. Alternative scenario: Below 1.022 look for further downside with 1.0205 & 1.018 as targets. Comment: the RSI calls for a new upleg. Key levels 1.038 1.035 1.0325 1.0283 last 1.022 1.0205 1.01