TECHNICAL ANALYSIS 6/11/2012

eurusd Pivot: 1.281 Our preference: Short positions below 1.281 with targets @ 1.275 & 1.273 in extension. Alternative scenario: Above 1.281 look for further upside with 1.284 & 1.286 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.281. Key levels 1.286 1.284 1.281 1.2795 last 1.275 1.273 1.27

gbpusd Pivot: 1.6005 Our preference: Short positions below 1.6005 with targets @ 1.5955 & 1.593 in extension. Alternative scenario: Above 1.6005 look for further upside with 1.605 & 1.608 as targets. Comment: as long as the resistance at 1.6005 is not surpassed, the risk of the break below 1.5955 remains high. Key levels 1.608 1.605 1.6005 1.5983 last 1.5955 1.593 1.591

usdjpy Pivot: 80.35 Our preference: Short positions below 80.35 with targets @ 79.85 & 79.65 in extension. Alternative scenario: Above 80.35 look for further upside with 80.55 & 80.8 as targets. Comment: as long as 80.35 is resistance, expect a return to 79.85. Key levels 80.8 80.55 80.35 80.12 last 79.85 79.65 79.5 _____________

eurjpy Pivot: 103 Our preference: Short positions below 103 with targets @ 102.15 & 101.75 in extension. Alternative scenario: Above 103 look for further upside with 103.3 & 103.6 as targets. Comment: as long as 103 is resistance, likely decline to 102.15. Key levels 103.6 103.3 103 102.48 last 102.15 101.75 101.4

gold Pivot: 1668.00 Our preference: LONG positions above 1668 with 1692 & 1698 as next targets. Alternative scenario: The downside breakout of 1668 will open the way to 1660 & 1645. Comment: the price is bouncing off a support level at 1675. Trend: ST Consolidation; MT Ltd upside Key levels Comment 1705** Intraday resistance 1698** Intraday resistance 1692*** Intraday resistance 1684.9 Last 1668** Intraday pivot point 1660*** Intraday support 1645** Intraday support __________________

nzdusd Pivot: 0.823 Our preference: Long positions above 0.823 with targets @ 0.828 & 0.83 in extension. Alternative scenario: Below 0.823 look for further downside with 0.8195 & 0.8175 as targets. Comment: a support base at 0.823 has formed and has allowed for a temporary stabilisation. Key levels 0.832 0.83 0.828 0.826 last 0.823 0.8195 0.8175

audusd Pivot: 1.04 Our preference: Long positions above 1.04 with targets @ 1.046 & 1.0475 in extension. Alternative scenario: Below 1.04 look for further downside with 1.038 & 1.035 as targets. Comment: the immediate trend remains up and the momentum is strong. Key levels 1.0495 1.0475 1.046 1.04227 last 1.04 1.038 1.035