TECHNICAL ANALYSIS 17/12/2012

eurusd Pivot: 1.3125. Our preference: LONG positions above 1.3125 with targets @ 1.3185 & 1.321. Alternative scenario: The downside penetration of 1.3125 will call for 1.31 & 1.3065. Comment: the pair has broken above its resistance and remains on the upside. Trend: ST Ltd Downside; MT Range Key levels Comment 1.3255** Intraday resistance 1.321** Intraday resistance 1.3185*** Intraday resistance 1.3153 Last 1.3125** Intraday pivot point 1.31** Intraday support 1.3065*** Intraday support

gbpusd Pivot: 1.6135. Our preference: LONG positions above 1.6135 with 1.6195 & 1.6215 in sight. Alternative scenario: The downside breakout of 1.6135 will open the way to 1.6105 & 1.608. Comment: the pair has broken above a declining trend line and should post further advance. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6255** Intraday resistance 1.6215** Intraday resistance 1.6195*** Intraday resistance 1.6185 Last 1.6135** Intraday pivot point 1.6105*** Intraday support 1.608*** Intraday support

gold Pivot: 1700.00 Our preference: SHORT positions below 1700 with 1689 & 1684 as next targets. Alternative scenario: The upside penetration of 1700 will call for a rebound towards 1712 & 1722. Comment: as long as the resistance at 1700 is not surpassed, the risk of the break below 1689 remains high. Trend: ST Bullish; MT Bullish Key levels Comment 1722** Intraday resistance 1712** Intraday resistance 1700*** Intraday pivot point 1691.48 Last 1689* Previous low 1684*** Horizontal support 1678* Intraday support

usdjpy Pivot: 83.70. Our preference: LONG positions above 83.7 with 84.2 & 84.4 as next targets. Alternative scenario: The downside penetration of 83.7 will call for a slide towards 83.4 & 83.2. Comment: the pair remains on the upside and should post further advance. Trend: ST Consolidation; MT Bullish Key levels Comment 84.7** Intraday resistance 84.4** Intraday resistance 84.2*** Intraday resistance 84 Last 83.7** Intraday pivot point 83.4** Intraday support 83.2*** Intraday support

eurjpy Pivot: 109.4 Our preference: Long @ 109.47 with targets @ 110.9 & 111.5 in extension. Alternative scenario: Below 109.4 look for further downside with 108.95 & 108.55 as targets. Comment: the pair has broken above its resistance and should post further advance. Key levels 111.85 111.5 110.9 110.58 last 109.4 108.95 108.55

audusd Pivot: 1.0565 Our preference: Short positions below 1.0565 with targets @ 1.0505 & 1.048 in extension. Alternative scenario: Above 1.0565 look for further upside with 1.0585 & 1.06 as targets. Comment: the pair is breaking below its support and should face further weakness as the RSI is badly directed. Key levels 1.06 1.0585 1.0565 1.0529 last 1.0505 1.048 1.0455