TECHNICAL ANALYSIS 28/11/2012

eurusd Pivot: 1.2975 Our preference: Short positions below 1.2975 with targets @ 1.2895 & 1.2865 in extension. Alternative scenario: Above 1.2975 look for further upside with 1.2995 & 1.3015 as targets. Comment: technically, the RSI is below its neutrality area at 50. Key levels 1.3015 1.2995 1.2975 1.2932 last 1.2895 1.2865 1.2835

gbpusd Pivot: 1.6 Our preference: Long positions above 1.6 with targets @ 1.605 & 1.608 in extension. Alternative scenario: Below 1.6 look for further downside with 1.5975 & 1.595 as targets. Comment: a support base at 1.6 has formed and has allowed for a temporary stabilisation. Key levels 1.612 1.608 1.605 1.601 last 1.6 1.5975 1.595

usdjpy Pivot: 82.25 Our preference: Short positions below 82.25 with targets @ 81.55 & 81.25 in extension. Alternative scenario: Above 82.25 look for further upside with 82.6 & 82.85 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 82.85 82.6 82.25 81.857 last 81.55 81.25 80.9

eurjpy Pivot: 106.55 Our preference: Short positions below 106.55 with targets @ 105.7 & 105 in extension. Alternative scenario: Above 106.55 look for further upside with 107.15 & 107.9 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 107.9 107.15 106.55 105.83 last 105.7 105 104.05

gold Pivot: 1735.00 Our preference: LONG positions above 1735 with 1754 & 1765 in sight. Alternative scenario: The downside breakout of 1735 will open the way to 1728 & 1722. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Trend: ST Bullish; MT Ltd upside Key levels Comment 1773** Intraday resistance 1765** Intraday resistance 1754** Intraday resistance 1741.3 Last 1735** Intraday pivot point 1728** Intraday support 1722** Intraday support

nzdusd Pivot: 0.822 Our preference: Short positions below 0.822 with targets @ 0.8185 & 0.8165 in extension. Alternative scenario: Above 0.822 look for further upside with 0.825 & 0.8265 as targets. Comment: the pair is breaking below its support and should face further weakness. Key levels 0.8265 0.825 0.822 0.8209 last 0.8185 0.8165 0.813

audusd Pivot: 1.049 Our preference: Short positions below 1.049 with targets @ 1.0415 & 1.0395 in extension. Alternative scenario: Above 1.049 look for further upside with 1.052 & 1.054 as targets. Comment: the RSI lacks upward momentum. Key levels 1.054 1.052 1.049 1.04499 last 1.0415 1.0395 1.037