TECHNICAL ANALYSIS 27/12/2012

eurusd Pivot: 1.3200. Our preference: LONG positions @ 1.321 with targets @ 1.325 & 1.327. Alternative scenario: The downside breakout of 1.32 will open the way to 1.317 & 1.314. Comment: the pair remains on the upside as the RSI is supported by a rising trend line. Trend: ST Ltd Upside; MT Range Key levels Comment 1.33*** Intraday resistance 1.327* Intraday resistance 1.325*** Intraday resistance 1.3229 Last 1.32** Intraday pivot point 1.317*** Intraday support 1.314*** Intraday support

gbpusd Pivot: 1.6170. Our preference: SHORT positions @ 1.616 with 1.608 & 1.604 in sight. Alternative scenario: The upside penetration of 1.617 will call for a rebound towards 1.621 & 1.624. Comment: the pair stands below its new resistance and remains under pressure.. Trend: ST Ltd Upside; MT Range Key levels Comment 1.624*** Fib retracement (61.8%) 1.621* Fib retracement (50%) 1.617** Intraday pivot point 1.6132 Last 1.608** Intraday support 1.604** Intraday support 1.6** Intraday support

usdjpy Pivot: 85.30. Our preference: LONG positions above 85.3 with 86 & 86.3 as next targets. Alternative scenario: The downside penetration of 85.3 will call for 85 & 84.85. Comment: the pair has broken above its previous high and should post further advance. Trend: ST Ltd Upside; MT Range Key levels Comment 86.45** Fib projection 86.3** Fib projection 86* Intraday resistance 85.8 Last 85.3** Intraday pivot point 85** Intraday support 84.85** Intraday support

eurjpy Pivot: 112.95 Our preference: Long positions above 112.95 with targets @ 113.95 & 114.4 in extension. Alternative scenario: Below 112.95 look for further downside with 112.55 & 112 as targets. Comment: the next resistances are at 113.95 and then at 114.4. Key levels 114.65 114.4 113.95 113.527 last 112.95 112.55 112

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with 1669 & 1679 as next targets. Alternative scenario: The downside penetration of 1652 will call for 1645 & 1635. Comment: a support base at 1652 has formed and has allowed for a temporary stabilisation. Trend: ST Ltd downside; MT Range Key levels Comment 1690** Fib retracement (61.8%) 1679** Fib retracement (50%) 1669* Fib retracement (38.2%) 1656.2 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday support

nzdusd Pivot: 0.818 Our preference: Long positions above 0.818 with targets @ 0.823 & 0.825 in extension. Alternative scenario: Below 0.818 look for further downside with 0.815 & 0.812 as targets. Comment: technically, the RSI is above its neutrality area at 50. Key levels 0.829 0.825 0.823 0.81976 last 0.818 0.815 0.812

audusd Pivot: 1.039 Our preference: Short positions below 1.039 with targets @ 1.033 & 1.03 in extension. Alternative scenario: Above 1.039 look for further upside with 1.042 & 1.0445 as targets. Comment: as long as 1.039 is resistance, look for choppy price action with a bearish bias. Key levels 1.0445 1.042 1.039 1.03574 last 1.033 1.03 1.0285