TECHNICAL ANALYSIS 04/12/2012

eurusd Pivot: 1.3015. Our preference: LONG positions above 1.3015 with 1.308 & 1.311 in sight. Alternative scenario: The downside breakout of 1.3015 will open the way to 1.298 & 1.2955. Comment: the pair is trading in a bullish channel Trend: ST Ltd Downside; MT Range Key levels Comment 1.3135** Intraday resistance 1.311** Intraday resistance 1.308* Intraday resistance 1.3057 Last 1.3015*** Intraday pivot point 1.298** Fib retracement (50%) 1.2955** Fib retracement (61.8%)

gbpusd Pivot: 1.6060. Our preference: LONG positions @ 1.607 with 1.612 & 1.614 as next targets. Alternative scenario: The downside penetration of 1.606 will call for a slide towards 1.603 & 1.6015. Comment: the break above 1.606 is a positive signal that has opened a path to 1.612. Trend: ST Ltd Downside; MT Range Key levels Comment 1.617* Intraday resistance 1.614* Intraday resistance 1.612* Intraday resistance 1.6093 Last 1.606*** Intraday pivot point 1.603* Intraday support 1.6015*** Intraday support

usdjpy Pivot: 81.90. Our preference: LONG positions above 81.9 with 82.3 & 82.45 as next targets. Alternative scenario: The downside breakout of 81.9 will open the way to 81.65 & 81.4. Comment: the pair is expected to bounce off a rising trend line. Trend: ST Ltd Upside; MT Range Key levels Comment 82.7** Intraday resistance 82.45** Fib retracement (61.8%) 82.3** Intraday resistance 82.08 Last 81.9*** Intraday pivot point 81.65** Intraday support 81.4** Intraday support

eurjpy Pivot: 106.8 Our preference: Long positions above 106.8 with targets @ 107.65 & 107.95 in extension. Alternative scenario: Below 106.8 look for further downside with 106.4 & 106.1 as targets. Comment: the next resistances are at 107.65 and then at 107.95. Key levels 108.3 107.95 107.65 107.15 last 106.8 106.4 106.1

gold Pivot: 1714.00 Our preference: SHORT positions below 1714 with 1695 & 1689 as next targets. Alternative scenario: The upside penetration of 1714 will call for 1722 & 1731. Comment: as long as 1714 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1714** Intraday pivot point 1702 Last 1695** Intraday support 1689** Fib retracement (78.6%) 1672** Previous low __________________

nzdusd Pivot: 0.82 Our preference: Long positions above 0.82 with targets @ 0.823 & 0.825 in extension. Alternative scenario: Below 0.82 look for further downside with 0.8185 & 0.8165 as targets. Comment: the next resistances are at 0.823 and then at 0.825. Key levels 0.8265 0.825 0.823 0.82246 last 0.82 0.8185 0.8165

audusd Pivot: 1.0445 Our preference: Short positions below 1.0445 with targets @ 1.039 & 1.0365 in extension. Alternative scenario: Above 1.0445 look for further upside with 1.0465 & 1.049 as targets. Comment: intraday technical indicators are mixed and call for caution. Key levels 1.049 1.0465 1.0445 1.0431 last 1.039 1.0365 1.035