TECHNICAL ANALYSIS 22/10/2012

EURUSD Pivot: 1.306 Our preference: Short positions below 1.306 with targets @ 1.299 & 1.2955 in extension. Alternative scenario: Above 1.306 look for further upside with 1.3075 & 1.312 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.306. Key levels 1.312 1.3075 1.306 1.30443 last 1.299 1.2955 1.293

GBPUSD Pivot: 1.604 Our preference: Short positions below 1.604 with targets @ 1.597 & 1.594 in extension. Alternative scenario: Above 1.604 look for further upside with 1.6065 & 1.609 as targets. Comment: as long as the resistance at 1.604 is not surpassed, the risk of the break below 1.597 remains high. Key levels 1.609 1.6065 1.604 1.6015 last 1.597 1.594 1.589

USDJPY Pivot: 79.1 Our preference: Long positions above 79.1 with targets @ 79.5 & 79.7 in extension. Alternative scenario: Below 79.1 look for further downside with 78.95 & 78.8 as targets. Comment: the pair stands above its intermediary support at 79.10 and remains within a bullish channel. Key levels 79.9 79.7 79.5 79.337 last 79.1 78.95 78.8

EURJPY Pivot: 103.1 Our preference: Long positions above 103.1 with targets @ 103.8 & 104 in extension. Alternative scenario: Below 103.1 look for further downside with 102.75 & 102.3 as targets. Comment: the RSI calls for a new upleg. Key levels 104.35 104 103.8 103.47 last 103.1 102.75 102.3

GOLD Pivot: 1731.00 Our Preference: SHORT positions below 1731 with 1707 & 1688 as next targets. Alternative scenario: The upside breakout of 1731 will open the way to 1747 & 1753. Comment: the RSI lacks upward momentum. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1753** Previous high 1747** Intraday resistance 1731** Intraday pivot point 1723.87 Last 1707** Intraday support 1688* Intraday support 1677** Intraday support

NZDUSD Pivot: 0.821 Our preference: Short positions below 0.821 with targets @ 0.8135 & 0.8105 in extension. Alternative scenario: Above 0.821 look for further upside with 0.8235 & 0.8265 as targets. Comment: as long as 0.821 is resistance, expect a return to 0.8135. Key levels 0.8265 0.8235 0.821 0.81753 last 0.8135 0.8105 0.8075

AUDUSD Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.029 & 1.025 in extension. Alternative scenario: Above 1.035 look for further upside with 1.037 & 1.041 as targets. Comment: as long as the resistance at 1.035 is not surpassed, the risk of the break below 1.029 remains high. Key levels 1.041 1.037 1.035 1.0319 last 1.029 1.025 1.0215