TECHNICAL ANALYSIS 23/10/2012

EURUSD Pivot: 1.3035 Our preference: Long positions above 1.3035 with targets @ 1.308 & 1.312 in extension. Alternative scenario: Below 1.3035 look for further downside with 1.3015 & 1.299 as targets. Comment: a support base at 1.3035 has formed and has allowed for a temporary stabilisation. Key levels 1.314 1.312 1.308 1.30541 last 1.3035 1.3015 1.299 ______

GBPUSD Pivot: 1.599 Our preference: Long positions above 1.599 with targets @ 1.6065 & 1.609 in extension. Alternative scenario: Below 1.599 look for further downside with 1.597 & 1.594 as targets. Comment: a support base at 1.599 has formed and has allowed for a temporary stabilisation. Key levels 1.612 1.609 1.6065 1.6014 last 1.599 1.597 1.594

USDJPY Pivot: 79.65 Our preference: Long positions above 79.65 with targets @ 80.1 & 80.35 in extension. Alternative scenario: Below 79.65 look for further downside with 79.4 & 79.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 80.6 80.35 80.1 79.8 last 79.65 79.4 79.1 ____

EURJPY Pivot: 103.8 Our preference: Long positions above 103.8 with targets @ 104.65 & 105.2 in extension. Alternative scenario: Below 103.8 look for further downside with 103.6 & 103.1 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 105.8 105.2 104.65 104.19 last 103.8 103.6 103.1

GOLD Pivot: 1713.00 Our Preference: LONG positions above 1713 with targets @ 1731 & 1747. Alternative scenario: The downside breakout of 1713 will open the way to 1707 & 1688. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1753*** Horizontal resistance 1747** Intraday resistance 1731** Intraday resistance 1725.54 Last 1713** Intraday pivot point 1707** Intraday support 1688* 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: the RSI lacks upward momentum. Key levels 0.8265 0.8235 0.821 0.81672 last 0.8135 0.8105 0.8075

AUDUSD Pivot: 1.035 Our preference: Short positions below 1.035 with targets @ 1.0295 & 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 1.0295 remains high. Key levels 1.041 1.037 1.035 1.03164 last 1.0295 1.025 1.0215