TECHNICAL ANALYSIS 17/10/2012

URUSD Pivot: 1.304 Our preference: Long positions above 1.304 with targets @ 1.312 & 1.314 in extension. Alternative scenario: Below 1.304 look for further downside with 1.3015 & 1.299 as targets. Comment: the next resistances are at 1.312 and then at 1.314. Key levels 1.317 1.314 1.312 1.30969 last 1.304 1.3015 1.299 ________

GBPUSD Pivot: 1.609 Our preference: Long positions above 1.609 with targets @ 1.614 & 1.6155 in extension. Alternative scenario: Below 1.609 look for further downside with 1.607 & 1.6055 as targets. Comment: the pair stands above its new support and remains on the upside. Key levels 1.617 1.6155 1.614 1.6126 last 1.609 1.607 1.6055

USDJPY Pivot: 78.6 Our preference: Long positions above 78.6 with targets @ 79 & 79.15 in extension. Alternative scenario: Below 78.6 look for further downside with 78.45 & 78.25 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 79.25 79.15 79 78.658 last 78.6 78.45 78.25

EURJPY Pivot: 102.55 Our preference: Long positions above 102.55 with targets @ 103.6 & 104 in extension. Alternative scenario: Below 102.55 look for further downside with 102.3 & 101.9 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 104.4 104 103.6 103.022 last 102.55 102.3 101.9

GOLD Pivot: 1738.00 Our Preference: LONG positions above 1738 with 1757 & 1766 as next targets. Alternative scenario: The downside penetration of 1738 will call for a slide towards 1729 & 1724. Comment: the RSI is supported by a rising trend line. Trend: ST Ltd upside; MT Bullish Key levels Comment 1771** Intraday resistance 1766** Intraday resistance 1757** Intraday resistance 1752.26 Last 1738* Intraday pivot point 1729** Intraday support 1724** Intraday support

NZDUSD Pivot: 0.814 Our preference: Long positions above 0.814 with targets @ 0.82 & 0.822 in extension. Alternative scenario: Below 0.814 look for further downside with 0.81 & 0.8075 as targets. Comment: the RSI lacks downward momentum. Key levels 0.824 0.822 0.82 0.8176 last 0.814 0.81 0.8075

AUDUSD Pivot: 1.0275 Our preference: Long positions above 1.0275 with targets @ 1.0335 & 1.035 in extension. Alternative scenario: Below 1.0275 look for further downside with 1.025 & 1.0235 as targets. Comment: the next resistances are at 1.0335 and then at 1.035. Key levels 1.038 1.035 1.0335 1.03106 last 1.0275 1.025 1.0235