TECHNICAL ANALYSIS 24/12/2012

eurusd Pivot: 1.3230. Our preference: SHORT positions below 1.323 with 1.314 & 1.31 in sight. Alternative scenario: The upside breakout of 1.323 will open the way to 1.327 & 1.33. Comment: the RSI lacks upward momentum. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327* Intraday resistance 1.323*** Intraday pivot point 1.318 Last 1.314** Fib retracement (38.2%) 1.31** Fib retracement (50%) 1.3065* Intraday support

gbpusd Pivot: 1.6190. Our preference: SHORT positions below 1.619 with 1.613 & 1.6105 as next targets. Alternative scenario: The upside breakout of 1.619 will open the way to 1.622 & 1.624. Comment: the break below 1.619 is a negative signal that has opened a path to 1.613. Trend: ST Ltd Upside; MT Range Key levels Comment 1.624*** Fib retracement (61.8%) 1.622* Fib retracement (50%) 1.619*** Intraday pivot point 1.617 Last 1.613* Intraday support 1.6105** Intraday support 1.608** Intraday support

usdjpy Pivot: 84.20. Our preference: LONG positions above 84.2 with targets @ 84.6 & 84.9. Alternative scenario: The downside penetration of 84.2 will call for 83.85 & 83.6. Comment: the break above 84.2 is a positive signal that has opened a path to 84.9. Trend: ST Ltd Upside; MT Range Key levels Comment 85.1** Fib projection 84.9** Fib projection 84.6* Intraday resistance 84.36 Last 84.2*** Intraday pivot point 83.85** Intraday support 83.6** Intraday support __________________

eurjpy Pivot: 111.45 Our preference: Short positions below 111.45 with targets @ 110.65 & 110.3 in extension. Alternative scenario: Above 111.45 look for further upside with 111.8 & 112.15 as targets. Comment: as long as 111.45 is resistance, look for choppy price action with a bearish bias. Key levels 112.15 111.8 111.45 111.226 last 110.65 110.3 109.9

gold Pivot: 1661.00 Our preference: SHORT positions below 1661 with 1635 & 1625 as next targets. Alternative scenario: The upside breakout of 1661 will open the way to 1676 & 1686. Comment: as long as 1661 is resistance, look for choppy price action with a bearish bias. Trend: ST Ltd downside; MT Range Key levels Comment 1686** Intraday resistance 1676** Intraday resistance 1661*** Intraday pivot point 1659.8 Last 1635** Intraday support 1625** Intraday support 1610** Intraday support

nzdusd Pivot: 0.826 Our preference: Short positions below 0.826 with targets @ 0.8195 & 0.817 in extension. Alternative scenario: Above 0.826 look for further upside with 0.829 & 0.831 as targets. Comment: as long as 0.826 is resistance, look for choppy price action with a bearish bias. Key levels 0.831 0.829 0.826 0.8226 last 0.8195 0.817 0.815

audusd Pivot: 1.0425 Our preference: Short positions below 1.0425 with targets @ 1.0385 & 1.037 in extension. Alternative scenario: Above 1.0425 look for further upside with 1.0445 & 1.046 as targets. Comment: a break below 1.0385 would trigger a drop towards 1.037. Key levels 1.046 1.0445 1.0425 1.04121 last 1.0385 1.037 1.0355