TECHNICAL ANALYSIS 21/12/2012

eurusd Pivot: 1.3185. Our preference: LONG positions @ 1.3195 with 1.323 & 1.327 as next targets. Alternative scenario: The downside breakout of 1.3185 will open the way to 1.314 & 1.31. Comment: the pair is rebounding on its support and should post further advance as the RSI is well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327** Intraday resistance 1.323*** Intraday resistance 1.3205 Last 1.3185*** Intraday pivot point 1.314*** Intraday support 1.31*** Intraday support

gbpusd Pivot: 1.6240. Our preference: LONG positions above 1.624 with 1.627 & 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 should post a rebound. Trend: ST Ltd Upside; MT Range Key levels Comment 1.634** Intraday resistance 1.63*** Intraday resistance 1.627*** Intraday resistance 1.6248 Last 1.624*** Intraday pivot point 1.621** Intraday support 1.619*** Intraday support

usdjpy Pivot: 83.85. Our preference: LONG positions above 83.85 with 84.2 & 84.55 as next targets. Alternative scenario: The downside penetration of 83.85 will call for a slide towards 83.6 & 83.3. Comment: the pair is rebounding on its support. Trend: ST Ltd Upside; MT Range Key levels Comment 84.7** Intraday resistance 84.55** Intraday resistance 84.2*** Intraday resistance 84.09 Last 83.85** Intraday pivot point 83.6*** Intraday support 83.3*** Intraday support

Eurjpy Pivot: 111.45 Our preference: Short @ 111.38 with targets @ 110.3 & 109.9 in extension. Alternative scenario: Above 111.45 look for further upside with 111.8 & 112.15 as targets. Comment: the pair is rebounding but stands below its resistance. Key levels 112.15 111.8 111.45 110.944 last 110.3 109.9 109.45

gold pivot: 1661.00 Our preference: SHORT positions below 1661 with targets @ 1635 & 1625. Alternative scenario: The upside penetration of 1661 will call for a rebound towards 1676 & 1686. Comment: as long as 1661 is resistance, look for choppy price action with a bearish bias. Trend: ST Bullish; MT Bullish Key levels Comment 1686** Intraday resistance 1676** Intraday resistance 1661*** Intraday pivot point 1644.9 Last 1635** Intraday support 1625** Intraday support 1610** Intraday support

nzdusd Pivot: 0.834 Our preference: Short positions below 0.834 with targets @ 0.8285 & 0.826 in extension. Alternative scenario: Above 0.834 look for further upside with 0.8365 & 0.8395 as targets. Comment: the RSI is mixed to bearish. Key levels 0.8395 0.8365 0.834 0.83024 last 0.8285 0.826 0.823

audusd Pivot: 1.048 Our preference: Short positions below 1.048 with targets @ 1.043 & 1.041 in extension. Alternative scenario: Above 1.048 look for further upside with 1.0505 & 1.0525 as targets. Comment: as long as 1.048 is resistance, look for choppy price action with a bearish bias. Key levels 1.0525 1.0505 1.048 1.04505 last 1.043 1.041 1.04