TECHNICAL ANALYSIS 26/11/2012

EURUSD Pivot: 1.2895 Our preference: Long positions above 1.2895 with targets @ 1.3015 & 1.3035 in extension. Alternative scenario: Below 1.2895 look for further downside with 1.2865 & 1.284 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.308 1.3035 1.3015 1.29597 last 1.2895 1.2865 1.284

GBPUSD Pivot: 1.5975 Our preference: Long positions above 1.5975 with targets @ 1.608 & 1.612 in extension. Alternative scenario: Below 1.5975 look for further downside with 1.5925 & 1.5895 as targets. Comment: the RSI lacks downward momentum. Key levels 1.614 1.612 1.608 1.6027 last 1.5975 1.5925 1.5895

USDJPY Pivot: 82.6 Our preference: Short positions below 82.6 with targets @ 82 & 81.75 in extension. Alternative scenario: Above 82.6 look for further upside with 82.85 & 83 as targets. Comment: the RSI is badly directed. Key levels 83 82.85 82.6 82.26 last 82 81.75 81.55

EURJPY Pivot: 105.7 Our preference: Long positions above 105.7 with targets @ 107.3 & 107.9 in extension. Alternative scenario: Below 105.7 look for further downside with 105 & 104.5 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 108.65 107.9 107.3 106.56 last 105.7 105 104.5

GOLD Pivot: 1735.00 Our preference: LONG positions above 1735 with 1755 & 1765 in sight. Alternative scenario: The downside penetration of 1735 will call for 1728 & 1722. Comment: the RSI is supported by a rising trend line. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1755** Intraday resistance 1747.7 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

NZDUSD Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.8265 & 0.829 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8165 & 0.813 as targets. Comment: the next resistances are at 0.8265 and then at 0.829. Key levels 0.831 0.829 0.8265 0.8237 last 0.82 0.8165 0.813

AUDUSD Pivot: 1.0415 Our preference: Long positions above 1.0415 with targets @ 1.049 & 1.052 in extension. Alternative scenario: Below 1.0415 look for further downside with 1.037 & 1.035 as targets. Comment: the next resistances are at 1.049 and then at 1.052. Key levels 1.054 1.052 1.049 1.0455 last 1.0415 1.037 1.035