TECHNICAL ANALYSIS 23/11/2012

eurusd Pivot: 1.2840. Our preference: LONG positions @ 1.285 with targets @ 1.29 & 1.292. Alternative scenario: The downside penetration of 1.284 will call for a slide towards 1.*** & 1.2795. Comment: the pair remains on the upside and is challenging its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.295** Intraday resistance 1.292** Intraday resistance 1.29*** Intraday resistance 1.2887 Last 1.284** Intraday pivot point 1.****** Intraday support 1.2795*** Intraday support

gbpusd Pivot: 1.5955. Our preference: SHORT positions below 1.5955 with 1.5915 & 1.5895 as next targets. Alternative scenario: The upside penetration of 1.5955 will call for 1.598 & 1.6. Comment: the pair is rebounding but stands below its resistance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6** Intraday resistance 1.598*** Intraday resistance 1.5955** Intraday pivot point 1.595 Last 1.5915*** Intraday support 1.5895** Intraday support 1.588*** Intraday support

usdjpy Pivot: 82.60. Our preference: SHORT positions below 82.6 with 82.1 & 81.75 in sight. Alternative scenario: The upside breakout of 82.6 will open the way to 82.85 & 83. Comment: the pair is breaking below its support and remains under pressure. Trend: ST Ltd Upside; MT Range Key levels Comment 83** Intraday resistance 82.85*** Intraday resistance 82.6*** Intraday pivot point 82.25 Last 82.1** Intraday support 81.75** Intraday support 81.55*** Intraday support

eurjpy Pivot: 105.6 Our preference: Long @ 105.68 with targets @ 106.6 & 107.3 in extension. Alternative scenario: Below 105.6 look for further downside with 104.95 & 104.5 as targets. Comment: a support base at 105.6 has formed and has allowed for a temporary stabilisation. Key levels 107.9 107.3 106.6 106 last 105.6 104.95 104.5

gold Pivot: 1722.00 Our preference: LONG positions above 1722 with 1735 & 1743 in sight. Alternative scenario: The downside penetration of 1722 will call for a slide towards 1718 & 1711. Comment: the RSI calls for a bounce. Trend: ST Bullish; MT Ltd upside Key levels Comment 1749** Fib retracement (61.8%) 1743** Intraday resistance 1735** Previous high 1731 Last 1722** Intraday pivot point 1718** Intraday support 1711** Intraday support

nzdusd Pivot: 0.814 Our preference: Long positions above 0.814 with targets @ 0.8205 & 0.8225 in extension. Alternative scenario: Below 0.814 look for further downside with 0.8105 & 0.8075 as targets. Comment: the RSI calls for a new upleg. Key levels 0.825 0.8225 0.8205 0.81722 last 0.814 0.8105 0.8075

audusd Pivot: 1.037 Our preference: Long positions above 1.037 with targets @ 1.0425 & 1.0445 in extension. Alternative scenario: Below 1.037 look for further downside with 1.035 & 1.0335 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 1.046 1.0445 1.0425 1.0406 last 1.037 1.035 1.0335