TECHNICAL ANALYSIS 10/12/2012

eurusd Pivot: 1.293 Our preference: Short positions below 1.293 with targets @ 1.288 & 1.2835 in extension. Alternative scenario: Above 1.293 look for further upside with 1.295 & 1.297 as targets. Comment: a break below 1.288 would trigger a drop towards 1.2835. Key levels 1.297 1.295 1.293 1.2897 last 1.288 1.2835 1.***

gbpusd Pivot: 1.605 Our preference: Short positions below 1.605 with targets @ 1.5985 & 1.596 in extension. Alternative scenario: Above 1.605 look for further upside with 1.608 & 1.6115 as targets. Comment: as long as 1.605 is resistance, likely decline to 1.5985. Key levels 1.6115 1.608 1.605 1.6024 last 1.5985 1.596 1.592

usdjpy Pivot: 82.6 Our preference: Short positions below 82.6 with targets @ 82.15 & 82 in extension. Alternative scenario: Above 82.6 look for further upside with 82.85 & 83 as targets. Comment: as long as 82.6 is resistance, look for choppy price action with a bearish bias. Key levels 83 82.85 82.6 82.47 last 82.15 82 81.7 _____

eurjpy Pivot: 106.8 Our preference: Short positions below 106.8 with targets @ 105.95 & 105.25 in extension. Alternative scenario: Above 106.8 look for further upside with 107.1 & 107.45 as targets. Comment: as long as 106.8 is resistance, look for choppy price action with a bearish bias. Key levels 107.45 107.1 106.8 106.367 last 105.95 105.25 104.8

gold Pivot: 1708.00 Our preference: SHORT positions below 1708 with 1684 & 1672 as next targets. Alternative scenario: The upside breakout of 1708 will open the way to 1722 & 1731. Comment: intraday technical indicators are mixed and call for caution. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Intraday resistance 1708*** Intraday pivot point 1705.6 Last 1684** Intraday support 1672** Previous low 1654* Fib projection

nzdusd Pivot: 0.8305 Our preference: Long positions above 0.8305 with targets @ 0.835 & 0.838 in extension. Alternative scenario: Below 0.8305 look for further downside with 0.8265 & 0.823 as targets. Comment: the next resistances are at 0.835 and then at 0.838. Key levels 0.84 0.838 0.835 0.83321 last 0.8305 0.8265 0.823

audusd Pivot: 1.052 Our preference: Short positions below 1.052 with targets @ 1.0435 & 1.041 in extension. Alternative scenario: Above 1.052 look for further upside with 1.0545 & 1.057 as targets. Comment: as long as 1.052 is resistance, likely decline to 1.0435. Key levels 1.057 1.0545 1.052 1.04734 last 1.0435 1.041 1.039