TECHNICAL ANALYSIS 18/12/2012

eurusd Pivot: 1.3140. Our preference: LONG positions @ 1.315 with 1.3185 & 1.321 in sight. Alternative scenario: The downside breakout of 1.314 will open the way to 1.3125 & 1.31. Comment: the pair remains on the upside and is approaching its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.3255** Intraday resistance 1.321** Intraday resistance 1.3185*** Intraday resistance 1.3172 Last 1.314*** Intraday pivot point 1.3125** Intraday support 1.31*** Intraday support __________________

gbpusd Pivot: 1.6190. Our preference: LONG positions above 1.619 with 1.622 & 1.624 in sight. Alternative scenario: The downside penetration of 1.619 will call for a slide towards 1.6175 & 1.615. Comment: the pair has rebounded on its new support and is approaching its previous high. Trend: ST Ltd Downside; MT Range Key levels Comment 1.6255** Intraday resistance 1.624** Intraday resistance 1.622*** Intraday resistance 1.6214 Last 1.619** Intraday pivot point 1.6175** Intraday support 1.615*** Intraday support

usdjpy Pivot: 84.20. Our preference: SHORT positions below 84.2 with targets @ 83.6 & 83.4. Alternative scenario: The upside penetration of 84.2 will call for 84.4 & 84.7. Comment: the pair is rebounding but stands below its previous high. Trend: ST Consolidation; MT Bullish Key levels Comment 84.7** Intraday resistance 84.4** Intraday resistance 84.2*** Intraday pivot point 84 Last 83.6*** Intraday support 83.4** Intraday support 83.2*** Intraday support

eurjpy Pivot: 110.3 Our preference: Long positions above 110.3 with targets @ 110.9 & 111.5 in extension. Alternative scenario: Below 110.3 look for further downside with 109.85 & 109.4 as targets. Comment: the pair has validated a bullish flag and remains on the upside. Key levels 111.85 111.5 110.9 110.66 last 110.3 109.85 109.4

gold Pivot: 1686.00 Our preference: LONG positions above 1686 with 1712 & 1722 as next targets. Alternative scenario: The downside penetration of 1686 will call for 1678 & 1672. Comment: the RSI broke above a bearish trend line. Trend: ST Bullish; MT Bullish Key levels Comment 1731** Intraday resistance 1722** Previous high 1712** Intraday resistance 1702.2 Last 1686** Intraday pivot point 1678** Intraday support 1672** Horizontal support

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: as long as 1.0565 is resistance, look for choppy price action with a bearish bias. Key levels 1.06 1.0585 1.0565 1.05349 last 1.0505 1.048 1.0455