TECHNICAL ANALYSIS 20/11/2012

eurusd Pivot: 1.276 Our preference: Long positions above 1.276 with targets @ 1.2825 & 1.2875 in extension. Alternative scenario: Below 1.276 look for further downside with 1.272 & 1.269 as targets. Comment: the next resistances are at 1.2825 and then at 1.2875. Key levels 1.292 1.2875 1.2825 1.28034 last 1.276 1.272 1.269

gbpusd Pivot: 1.589 Our preference: Long positions above 1.589 with targets @ 1.5925 & 1.595 in extension. Alternative scenario: Below 1.589 look for further downside with 1.5875 & 1.5855 as targets. Comment: the RSI has just broken above a former negative trendline. Key levels 1.5965 1.595 1.5925 1.5913 last 1.589 1.5875 1.5855

usdjpy Pivot: 80.85 Our preference: Long positions above 80.85 with targets @ 81.6 & 81.9 in extension. Alternative scenario: Below 80.85 look for further downside with 80.65 & 80.3 as targets. Comment: the next resistances are at 81.6 and then at 81.9. Key levels 82.25 81.9 81.6 81.256 last 80.85 80.65 80.3

eurjpy Pivot: 103.75 Our preference: Long positions above 103.75 with targets @ 104.4 & 104.6 in extension. Alternative scenario: Below 103.75 look for further downside with 103.45 & 103 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 105.2 104.6 104.4 104.02 last 103.75 103.45 103

gold Pivot: 1727.30 Our preference: LONG positions above 1727.3 with targets @ 1738 & 1749. Alternative scenario: The downside breakout of 1727.3 will open the way to 1720 & 1711. Comment: the RSI calls for a rebound. Trend: ST Bullish; MT Ltd upside Key levels Comment 1755** Intraday resistance 1749** Fib retracement (61.8%) 1738** Horizontal resistance 1734.48 Last 1727.3** Intraday pivot point 1720** Intraday support 1711*** Intraday support

nzdusd Pivot: 0.815 Our preference: Long positions above 0.815 with targets @ 0.8205 & 0.8225 in extension. Alternative scenario: Below 0.815 look for further downside with 0.813 & 0.81 as targets. Comment: the next resistances are at 0.8205 and then at 0.8225. Key levels 0.824 0.8225 0.8205 0.81844 last 0.815 0.813 0.81

audusd Pivot: 1.039 Our preference: Long positions above 1.039 with targets @ 1.0445 & 1.0465 in extension. Alternative scenario: Below 1.039 look for further downside with 1.0355 & 1.0305 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.048 1.0465 1.0445 1.0412 last 1.039 1.0355 1.0305