TECHNICAL ANALYSIS 20/12/2012

eurusd Pivot: 1.3185. Our preference: LONG positions @ 1.3195 with targets @ 1.3255 & 1.33. Alternative scenario: The downside penetration of 1.3185 will call for 1.314 & 1.31. Comment: the pair stands above its new support and should post a rebound. Trend: ST Ltd Upside; MT Range Key levels Comment 1.332** Intraday resistance 1.33*** Intraday resistance 1.3255*** Intraday resistance 1.3212 Last 1.3185*** Intraday pivot point 1.314** Intraday support 1.31*** Intraday support

gbpusd Pivot: 1.6240. Our preference: LONG positions @ 1.625 with 1.628 & 1.63 as next targets. Alternative scenario: The downside penetration of 1.624 will call for 1.621 & 1.619. Comment: the pair stands above its support and remains on the upside. Trend: ST Ltd Upside; MT Range Key levels Comment 1.634** Intraday resistance 1.63*** Intraday resistance 1.628** Intraday resistance 1.6251 Last 1.624** Intraday pivot point 1.621** Intraday support 1.619*** Intraday support

usdjpy Pivot: 83.90. Our preference: LONG positions above 83.9 with targets @ 84.2 & 84.55. Alternative scenario: The downside penetration of 83.9 will call for 83.6 & 83.3. Comment: the pair is challenging a bullish channel lower boundary. Trend: ST Ltd Upside; MT Range Key levels Comment 84.7** Intraday resistance 84.55** Intraday resistance 84.2*** Intraday resistance 84.02 Last 83.9** Intraday pivot point 83.6*** Intraday support 83.3*** Intraday support

gold Pivot: 1687.00 Our preference: SHORT positions below 1687 with 1660 & 1651 in sight. Alternative scenario: The upside breakout of 1687 will open the way to 1703 & 1710. Comment: a break below 1660 would trigger a drop towards 1651. Trend: ST Bullish; MT Bullish Key levels Comment 1710** Intraday resistance 1703** Intraday resistance 1687*** Intraday pivot point 1667.8 Last 1660*** Intraday support 1651** Intraday support 1645** Intraday support

nzdusd Pivot: 0.8395 Our preference: Short positions below 0.8395 with targets @ 0.832 & 0.83 in extension. Alternative scenario: Above 0.8395 look for further upside with 0.8425 & 0.844 as targets. Comment: the pair stands below its resistance and remains under pressure. Key levels 0.844 0.8425 0.8395 0.83578 last 0.832 0.83 0.828