TECHNICAL ANALYSIS 06/12/2012

eurusd Pivot: 1.308 Our preference: Short positions below 1.308 with targets @ 1.303 & 1.3 in extension. Alternative scenario: Above 1.308 look for further upside with 1.31 & 1.3125 as targets. Comment: the pair has broken below its bullish channel support. Key levels 1.3125 1.31 1.308 1.30515 last 1.303 1.3 1.2975

gbpusd Pivot: 1.608 Our preference: Long positions above 1.608 with targets @ 1.613 & 1.617 in extension. Alternative scenario: Below 1.608 look for further downside with 1.6045 & 1.6025 as targets. Comment: a support base at 1.608 has formed and has allowed for a temporary stabilisation. Key levels 1.6215 1.617 1.613 1.6087 last 1.608 1.6045 1.6025

usdjpy Pivot: 82.25 Our preference: Long positions above 82.25 with targets @ 82.55 & 82.75 in extension. Alternative scenario: Below 82.25 look for further downside with 82 & 81.65 as targets. Comment: the next resistances are at 82.55 and then at 82.75. Key levels 82.85 82.75 82.55 82.49 last 82.25 82 81.65

eurjpy Pivot: 107.15 Our preference: Long positions above 107.15 with targets @ 107.95 & 108.3 in extension. Alternative scenario: Below 107.15 look for further downside with 106.8 & 106.4 as targets. Comment: the RSI lacks downward momentum. Key levels 108.65 108.3 107.95 107.711 last 107.15 106.8 106.4

gold Pivot: 1708.00 Our preference: SHORT positions below 1708 with 1684 & 1672 in sight. Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731. Comment: as long as 1708 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 1708*** Intraday pivot point 1690.9 Last 1684** Intraday support 1672** Previous low 1654* Fib projection

Pivot: 0.826 Our preference: Long positions above 0.826 with targets @ 0.8305 & 0.8335 in extension. Alternative scenario: Below 0.826 look for further downside with 0.823 & 0.82 as targets. Comment: the next resistances are at 0.8305 and then at 0.8335. Key levels 0.836 0.8335 0.8305 0.8288 last 0.826 0.823 0.82

audusd Pivot: 1.049 Our preference: Short positions below 1.049 with targets @ 1.043 & 1.041 in extension. Alternative scenario: Above 1.049 look for further upside with 1.052 & 1.0545 as targets. Comment: as long as 1.049 is resistance, likely decline to 1.043. Key levels 1.0545 1.052 1.049 1.04634 last 1.043 1.041 1.039