TECHNICAL ANALYSIS 15/10/2012

EURUSD Pivot: 1.296 Our preference: Short positions below 1.296 with targets @ 1.2875 & 1.285 in extension. Alternative scenario: Above 1.296 look for further upside with 1.2975 & 1.299 as targets. Comment: as long as 1.296 is resistance, expect a return to 1.2875. Key levels 1.299 1.2975 1.296 1.2908 last 1.2875 1.285 1.2825

GBPUSD Pivot: 1.607 Our preference: Short positions below 1.607 with targets @ 1.602 & 1.6 in extension. Alternative scenario: Above 1.607 look for further upside with 1.61 & 1.612 as targets. Comment: as long as the resistance at 1.607 is not surpassed, the risk of the break below 1.602 remains high. Key levels 1.612 1.61 1.607 1.6036 last 1.602 1.6 1.597

USDJPY Pivot: 78.35 Our preference: Long positions above 78.35 with targets @ 78.55 & 78.65 in extension. Alternative scenario: Below 78.35 look for further downside with 78.25 & 78.1 as targets. Comment: the RSI calls for a new upleg. Key levels 78.75 78.65 78.55 78.489 last 78.35 78.25 78.1

EURJPY Pivot: 101.65 Our preference: Short positions below 101.65 with targets @ 100.9 & 100.7 in extension. Alternative scenario: Above 101.65 look for further upside with 101.85 & 102.1 as targets. Comment: as long as the resistance at 101.65 is not surpassed, the risk of the break below 100.9 remains high. Key levels 102.1 101.85 101.65 101.316 last 100.9 100.7 100.4

GOLD Pivot: 1757.00 Our Preference: SHORT positions below 1757 with targets @ 1736 & 1724. Alternative scenario: The upside penetration of 1757 will call for a rebound towards 1765 & 1771. Comment: the RSI is bearish and calls for further decline. Trend: ST Ltd upside; MT Bullish Key levels Comment 1771** Intraday resistance 1765** Intraday resistance 1757** Intraday pivot point 1744.4 Last 1736** Intraday support 1724** Intraday support 1716** Intraday support

NZDUSD Pivot: 0.819 Our preference: Short positions below 0.819 with targets @ 0.81 & 0.8075 in extension. Alternative scenario: Above 0.819 look for further upside with 0.821 & 0.824 as targets. Comment: as long as 0.819 is resistance, look for choppy price action with a bearish bias. Key levels 0.824 0.821 0.819 0.81455 last 0.81 0.8075 0.805

AUDUSD Pivot: 1.024 Our preference: Short positions below 1.024 with targets @ 1.018 & 1.0145 in extension. Alternative scenario: Above 1.024 look for further upside with 1.0265 & 1.0295 as targets. Comment: the RSI lacks upward momentum. Key levels 1.0295 1.0265 1.024 1.0215 last 1.018 1.0145 1.01