TECHNICAL ANALYSIS 28/12/2012

eurusd Pivot: 1.3215. Our preference: LONG positions @ 1.3225 with targets @ 1.326 & 1.3285. Alternative scenario: The downside breakout of 1.3215 will open the way to 1.32 & 1.317. Comment: the pair is rebounding and stands above its support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.331** Intraday resistance 1.3285** Intraday resistance 1.326*** Intraday resistance 1.3237 Last 1.3215** Intraday pivot point 1.32*** Intraday support 1.317*** Intraday support

gbpusd Pivot: 1.6120. Our preference: SHORT positions below 1.612 with targets @ 1.606 & 1.6. Alternative scenario: The upside breakout of 1.612 will open the way to 1.6155 & 1.62. Comment: the pair is rebounding and is challenging its resistance, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 1.62*** Intraday resistance 1.6155* Intraday resistance 1.612** Intraday pivot point 1.6115 Last 1.606** Intraday support 1.6** Intraday support 1.596** Intraday support

usdjpy Pivot: 85.85. Our preference: LONG positions above 85.85 with 86.8 & 87 in sight. Alternative scenario: The downside penetration of 85.85 will call for a slide towards 85.65 & 85.45. Comment: the pair has broken above its previous high and should post further advance. Trend: ST Ltd Upside; MT Range Key levels Comment 87.55* Fib projection 87* Fib projection 86.8* Intraday resistance 86.45 Last 85.85** Intraday pivot point 85.65** Intraday support 85.45** Intraday support

eurjpy Pivot: 113.7 Our preference: Long @ 113.78 with targets @ 115.15 & 115.5 in extension. Alternative scenario: Below 113.7 look for further downside with 113.3 & 112.95 as targets. Comment: the RSI is bullish and calls for further advance. Key levels 116 115.5 115.15 114.478 last 113.7 113.3 112.95

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with targets @ 1669 & 1679. Alternative scenario: The downside breakout of 1652 will open the way to 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%) 1661.58 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday support

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 1.0376 last 1.033 1.03 1.0285

nzdusd Pivot: 0.823 Our preference: Short positions below 0.823 with targets @ 0.815 & 0.812 in extension. Alternative scenario: Above 0.823 look for further upside with 0.825 & 0.829 as targets. Comment: as long as 0.823 is resistance, look for choppy price action with a bearish bias. Key levels 0.829 0.825 0.823 0.82056 last 0.815 0.812 0.81