TECHNICAL ANALYSIS 2/11/2012

eurusd Pivot: 1.2950. Our preference: SHORT positions below 1.295 with 1.288 & 1.286 as next targets. Alternative scenario: The upside breakout of 1.295 will open the way to 1.298 & 1.302. Comment: the pair remains under pressure but is approaching a strong support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.302*** Intraday resistance 1.298*** Intraday resistance 1.295*** Intraday pivot point 1.2899 Last 1.288*** Intraday support 1.286** Intraday support 1.283** Intraday support

gbpusd Pivot: 1.6140. Our preference: SHORT positions below 1.614 with 1.608 & 1.606 in sight. Alternative scenario: The upside penetration of 1.614 will call for 1.6175 & 1.62. Comment: the pair is under pressure and is challenging its new support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.62** Intraday resistance 1.6175*** Intraday resistance 1.614*** Intraday pivot point 1.6087 Last 1.608** Intraday support 1.606** Intraday support 1.604** Intraday support

usdjpy Pivot: 80.00. Our preference: LONG positions above 80 with 80.4 & 80.6 in sight. Alternative scenario: The downside penetration of 80 will call for 79.85 & 79.65. Comment: the pair remains on the upside and is approaching its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 80.8** Intraday resistance 80.6** Intraday resistance 80.4*** Intraday resistance 80.26 Last 80** Intraday pivot point 79.85** Intraday support 79.65*** Intraday support

eurjpy Pivot: 103.3 Our preference: Long @ 103.37 with targets @ 104 & 104.2 in extension. Alternative scenario: Below 103.3 look for further downside with 103 & 102.75 as targets. Comment: the next resistances are at 104 and then at 104.2. Key levels 104.4 104.2 104 103.532 last 103.3 103 102.75

gold Pivot: 1718.00 Our preference: SHORT positions below 1718 with 1706 & 1701 in sight. Alternative scenario: The upside penetration of 1718 will call for 1728 & 1735. Comment: the RSI advocates for further downside. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1735** Intraday resistance 1728** Intraday resistance 1718** Intraday pivot point 1709.67 Last 1706** Intraday support 1701** Intraday support 1698*** Intraday support

nzdusd Pivot: 0.823 Our preference: Long positions above 0.823 with targets @ 0.83 & 0.832 in extension. Alternative scenario: Below 0.823 look for further downside with 0.82 & 0.818 as targets. Comment: the break above 0.823 is a positive signal that has opened a path to 0.83. Key levels 0.8335 0.832 0.83 0.82572 last 0.823 0.82 0.818

audusd Pivot: 1.037 Our preference: Long positions above 1.037 with targets @ 1.043 & 1.046 in extension. Alternative scenario: Below 1.037 look for further downside with 1.035 & 1.032 as targets. Comment: the immediate trend remains up and the momentum is strong. Key levels 1.0475 1.046 1.043 1.03856 last 1.037 1.035 1.032