TECHNICAL ANALYSIS 29/11/2012

eurusd Pivot: 1.2915 Our preference: Long positions above 1.2915 with targets @ 1.297 & 1.3 in extension. Alternative scenario: Below 1.2915 look for further downside with 1.288 & 1.2835 as targets. Comment: the next resistances are at 1.297 and then at 1.3. Key levels 1.3035 1.3 1.297 1.29498 last 1.2915 1.288 1.2835

gbpusd Pivot: 1.599 Our preference: Long positions above 1.599 with targets @ 1.603 & 1.605 in extension. Alternative scenario: Below 1.599 look for further downside with 1.5955 & 1.592 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 1.6065 1.605 1.603 1.6013 last 1.599 1.5955 1.592

usdjpy Pivot: 81.9 Our preference: Long positions above 81.9 with targets @ 82.3 & 82.6 in extension. Alternative scenario: Below 81.9 look for further downside with 81.65 & 81.4 as targets. Comment: the RSI lacks downward momentum. Key levels 82.85 82.6 82.3 82.082 last 81.9 81.65 81.4 _______

eurjpy Pivot: 105.8 Our preference: Long positions above 105.8 with targets @ 107.15 & 107.55 in extension. Alternative scenario: Below 105.8 look for further downside with 105.2 & 104.5 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 107.9 107.55 107.15 106.313 last 105.8 105.2 104.5

gold Pivot: 1730.00 Our preference: SHORT positions below 1730 with 1706 & 1690 in sight. Alternative scenario: The upside breakout of 1730 will open the way to 1737 & 1745. Comment: the immediate trend remains down and the momentum is strong. Trend: ST Bullish; MT Ltd upside Key levels Comment 1745** Intraday resistance 1737** Intraday resistance 1730** Intraday pivot point 1720.2 Last 1706*** Previous low 1690** Fib retracement (78.6%) 1673** Intraday support

nzdusd Pivot: 0.821 Our preference: Long positions above 0.821 with targets @ 0.825 & 0.8275 in extension. Alternative scenario: Below 0.821 look for further downside with 0.8185 & 0.8165 as targets. Comment: the RSI is bullish and calls for further upside. Key levels 0.829 0.8275 0.825 0.8242 last 0.821 0.8185 0.8165

audusd Pivot: 1.042 Our preference: Long positions above 1.042 with targets @ 1.049 & 1.052 in extension. Alternative scenario: Below 1.042 look for further downside with 1.0395 & 1.037 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Key levels 1.056 1.052 1.049 1.0463 last 1.042 1.0395 1.037