TECHNICAL ANALYSIS 31/12/2012

Pivot: 1.3235. Our preference: SHORT positions @ 1.3225 with 1.317 & 1.3145 in sight. Alternative scenario: The upside breakout of 1.3235 will open the way to 1.326 & 1.3285. Comment: the pair has struck against its resistance and remains under pressure. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3285** Intraday resistance 1.326** Intraday resistance 1.3235*** Intraday pivot point 1.3198 Last 1.317*** Intraday support 1.3145*** Intraday support 1.312** Intraday support

gbpusd Pivot: 1.6110. Our preference: LONG positions above 1.611 with targets @ 1.62 & 1.6235. Alternative scenario: The downside penetration of 1.611 will call for 1.606 & 1.6. Comment: the pair is on the upside and is approaching its resistance. Trend: ST Ltd Upside; MT Range Key levels Comment 1.626** Intraday resistance 1.6235** Intraday resistance 1.62** Intraday resistance 1.6153 Last 1.611** Intraday pivot point 1.606** Intraday support 1.6** Intraday support

usdjpy Pivot: 86.35. Our preference: SHORT positions below 86.35 with targets @ 85.65 & 85.45. Alternative scenario: The upside breakout of 86.35 will open the way to 86.6 & 87. Comment: the pair has rebounded on its support, caution. Trend: ST Ltd Upside; MT Range Key levels Comment 87* Intraday resistance 86.6** Intraday resistance 86.35** Intraday pivot point 86.08 Last 85.65*** Intraday support 85.45** Intraday support 85.15** Intraday support

eurjpy Pivot: 114 Our preference: Short @ 113.93 with targets @ 113.3 & 112.95 in extension. Alternative scenario: Above 114 look for further upside with 114.3 & 114.7 as targets. Comment: the pair is posting a rebound but stands below its resistance. Key levels 114.7 114.3 114 113.706 last 113.3 112.95 112.5

gold Pivot: 1652.00 Our preference: LONG positions above 1652 with 1669 & 1679 in sight. 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%) 1662.99 Last 1652*** Intraday pivot point 1645* Intraday support 1635** Intraday supporT

nzdusd Pivot: 0.8205 Our preference: Long positions above 0.8205 with targets @ 0.825 & 0.829 in extension. Alternative scenario: Below 0.8205 look for further downside with 0.819 & 0.8175 as targets. Comment: the RSI calls for a new upleg. Key levels 0.831 0.829 0.825 0.82331 last 0.8205 0.819 0.8175

audusd Pivot: 1.0365 Our preference: Long positions above 1.0365 with targets @ 1.042 & 1.0445 in extension. Alternative scenario: Below 1.0365 look for further downside with 1.0345 & 1.033 as targets. Comment: the RSI is mixed to bullish. Key levels 1.046 1.0445 1.042 1.03825 last 1.0365 1.0345 1.033