TECHNICAL ANALYSIS 12/10/2012

EURUSD Pivot: 1.2895. Our Preference: LONG positions @ 1.2905 with 1.296 & 1.299 as next targets. Alternative scenario: The downside penetration of 1.2895 will call for 1.2875 & 1.284. Comment: the pair stands above its new support and remains on the upside. Trend: ST Ltd Upside; MT Range Key levels Comment 1.302** Intraday resistance 1.299*** Intraday resistance 1.296*** Intraday resistance 1.2927 Last 1.2895** Intraday pivot point 1.2875** Intraday support 1.284*** Intraday support

GBPUSD Pivot: 1.6010. Our Preference: LONG positions above 1.601 with 1.605 & 1.608 as next targets. Alternative scenario: The downside breakout of 1.601 will open the way to 1.5975 & 1.5955. Comment: the pair is facing a pull back on its support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.61** Intraday resistance 1.608** Intraday resistance 1.605*** Intraday resistance 1.6026 Last 1.601** Intraday pivot point 1.5975*** Intraday support 1.5955** Intraday support

USDJPY Pivot: 78.25. Our Preference: LONG positions above 78.25 with targets @ 78.55 & 78.65. Alternative scenario: The downside penetration of 78.25 will call for a slide towards 78.1 & 77.95. Comment: the RSI is mixed to bullish. Trend: ST Ltd Downside; MT Range Key levels Comment 78.75** Intraday resistance 78.65** Intraday resistance 78.55*** Intraday resistance 78.32 Last 78.25** Intraday pivot point 78.1** Intraday support 77.95** Intraday support

EURJPY Pivot: 101.05 Our preference: Long @ 101.12 with targets @ 101.6 & 101.85 in extension. Alternative scenario: Below 101.05 look for further downside with 100.7 & 100.15 as targets. Comment: the pair is pulling back on its support ahead of further advance. Key levels 102.1 101.85 101.6 101.255 last 101.05 100.7 100.15

GOLD Pivot: 1757.00 Our Preference: LONG positions above 1757 with 1779.5 & 1787 in sight. Alternative scenario: The downside penetration of 1757 will call for a slide towards 1753 & 1746. Comment: the RSI is above its neutrality area at 50%. Trend: ST Ltd upside; MT Bullish Key levels Comment 1795.5** Intraday resistance 1787** Fib retracement (78.6%) 1779.5** Intraday resistance 1769.2 Last 1757** Intraday pivot point 1753** Intraday support 1746** Intraday support

NZDUSD Pivot: 0.8205 Our preference: Short positions below 0.8205 with targets @ 0.815 & 0.813 in extension. Alternative scenario: Above 0.8205 look for further upside with 0.824 & 0.8265 as targets. Comment: as long as 0.8205 is resistance, look for choppy price action with a bearish bias. Key levels 0.8265 0.824 0.8205 0.82 last 0.815 0.813 0.81 ____

AUDUSD Pivot: 1.024 Our preference: Long positions above 1.024 with targets @ 1.0295 & 1.0325 in extension. Alternative scenario: Below 1.024 look for further downside with 1.0215 & 1.018 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.035 1.0325 1.0295 1.0272 last 1.024 1.0215 1.018