TECHNICAL ANALYSIS 18/10/2012

EURUSD Pivot: 1.3080. Our Preference: LONG positions above 1.308 with targets @ 1.314 & 1.317. Alternative scenario: The downside penetration of 1.308 will call for a slide towards 1.304 & 1.3015. Comment: the pair has struck against its previous high and is facing a pull back on its new support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.321** Intraday resistance 1.317** Intraday resistance 1.314*** Intraday resistance 1.3092 Last 1.308** Intraday pivot point 1.304** Intraday support 1.3015*** Intraday support

GBPUSD Pivot: 1.6115. Our Preference: LONG positions above 1.6115 with 1.6155 & 1.618 in sight. Alternative scenario: The downside penetration of 1.6115 will call for a slide towards 1.609 & 1.607. Comment: the pair is pulling back on its new support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6195** Intraday resistance 1.618*** Intraday resistance 1.6155** Intraday resistance 1.6124 Last 1.6115** Intraday pivot point 1.609*** Intraday support 1.607** Intraday support

USDJPY Pivot: 78.90. Our Preference: LONG positions above 78.9 with 79.2 & 79.4 as next targets. Alternative scenario: The downside penetration of 78.9 will call for a slide towards 78.8 & 78.6. Comment: the pair stands above its new support and remains within a bullish channel. Trend: ST Ltd Downside; MT Range Key levels Comment 79.5** Intraday resistance 79.4** Intraday resistance 79.2*** Intraday resistance 79.14 Last 78.9** Intraday pivot point 78.8** Intraday support 78.6*** Intraday support

EURJPY Pivot: 103.1 Our preference: Long positions above 103.1 with targets @ 104 & 104.35 in extension. Alternative scenario: Below 103.1 look for further downside with 102.75 & 102.3 as targets. Comment: the pair remains supported by a rising trend line but the RSI lacks upward momentum. Key levels 104.65 104.35 104 103.643 last 103.1 102.75 102.3

GOLD Pivot: 1753.00 Our Preference: SHORT positions below 1753 with targets @ 1742.5 & 1738. Alternative scenario: The upside penetration of 1753 will call for 1757 & 1766. Comment: as long as 1753 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd upside; MT Bullish Key levels Comment 1766** Intraday resistance 1757** Intraday resistance 1753** Intraday pivot point 1748.78 Last 1742.5* Intraday support 1738* Intraday support 1729** Intraday support

NZDUSD Pivot: 0.818 Our preference: Long positions above 0.818 with targets @ 0.824 & 0.8265 in extension. Alternative scenario: Below 0.818 look for further downside with 0.8155 & 0.8105 as targets. Comment: the break above 0.818 is a positive signal that has opened a path to 0.824. Key levels 0.8285 0.8265 0.824 0.82066 last 0.818 0.8155 0.8105

AUDUSD Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.0405 & 1.0435 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.029 & 1.025 as targets. Comment: the next resistances are at 1.0405 and then at 1.0435. Key levels 1.0475 1.0435 1.0405 1.03765 last 1.0325 1.029 1.025