TECHNICAL ANALYSIS 19/11/2012

eurusd Pivot: 1.272 Our preference: Long positions above 1.272 with targets @ 1.28 & 1.2825 in extension. Alternative scenario: Below 1.272 look for further downside with 1.269 & 1.267 as targets. Comment: the RSI calls for a new upleg. Key levels 1.2875 1.2825 1.28 1.27655 last 1.272 1.269 1.267

gbpusd Pivot: 1.5875 Our preference: Long positions above 1.5875 with targets @ 1.595 & 1.5965 in extension. Alternative scenario: Below 1.5875 look for further downside with 1.5855 & 1.5835 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 1.6 1.5965 1.595 1.5917 last 1.5875 1.5855 1.5835

usdjpy Pivot: 80.85 Our preference: Long positions above 80.85 with targets @ 81.7 & 81.9 in extension. Alternative scenario: Below 80.85 look for further downside with 80.65 & 80.3 as targets. Comment: a support base at 80.85 has formed and has allowed for a temporary stabilisation. Key levels 82.25 81.9 81.7 81.247 last 80.85 80.65 80.3

eurjpy Pivot: 103 Our preference: Long positions above 103 with targets @ 104.4 & 104.6 in extension. Alternative scenario: Below 103 look for further downside with 102.4 & 101.9 as targets. Comment: the RSI is supported by a bullish trend line. Key levels 105 104.6 104.4 103.705 last 103 102.4 101.9

gold Pivot: 1711.00 Our preference: LONG positions above 1711 with 1733 & 1738 as next targets. Alternative scenario: The downside penetration of 1711 will call for 1705 & 1697. Comment: the RSI is supported by a bullish trend line. Trend: ST Bullish; MT Ltd upside Key levels Comment 1746** Intraday resistance 1738** Intraday resistance 1733** Previous high 1722.3 Last 1711*** Intraday pivot point 1705** Previous low 1697** Fib retracement (61.8%)

nzdusd Pivot: 0.81 Our preference: Long positions above 0.81 with targets @ 0.815 & 0.8185 in extension. Alternative scenario: Below 0.81 look for further downside with 0.8075 & 0.805 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 0.8205 0.8185 0.815 0.8136 last 0.81 0.8075 0.805

audusd Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.0395 & 1.042 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.028 & 1.023 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 1.0445 1.042 1.0395 1.03754 last 1.0325 1.028 1.023