TECHNICAL ANALYSIS 03/01/2013

eurusd Pivot: 1.3190. Our preference: SHORT positions @ 1.318 with targets @ 1.312 & 1.3095. Alternative scenario: The upside penetration of 1.319 will call for 1.3235 & 1.326. Comment: the pair has broken below a strong intraday support which now acts as a resistance, further weakness is likely as the RSI is badly directed but stands above its oversold area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.326** Intraday resistance 1.3235*** Intraday resistance 1.319*** Intraday pivot point 1.3138 Last 1.312*** Intraday support 1.3095** Intraday support 1.306*** Intraday support

gbpusd Pivot: 1.6280. Our preference: SHORT positions @ 1.627 with targets @ 1.618 & 1.6145. Alternative scenario: The upside penetration of 1.628 will call for a rebound towards 1.631 & 1.638. Comment: the pair has broken below a rising trend line and remains under pressure while challenging its new support. The RSI stands below its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.638*** Intraday resistance 1.631** Intraday resistance 1.628** Intraday pivot point 1.6223 Last 1.618** Intraday support 1.6145*** Intraday support 1.61*** Intraday support

usdjpy Pivot: 86.75. Our preference: LONG positions @ 86.85 with targets @ 87.4 & 87.7. Alternative scenario: The downside breakout of 86.75 will open the way to 86.5 & 86.1. Comment: the pair is supported by a rising trend line and is challenging its previous high. Upward momentum remains intact as the RSI is turning up and stands above its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 88.1* Intraday resistance 87.7** Intraday resistance 87.4** Intraday resistance 87.26 Last 86.75** Intraday pivot point 86.5*** Intraday support 86.1** Intraday support

eurjpy Pivot: 115.2 Our preference: Short @ 115.13 with targets @ 114.15 & 113.7 in extension. Alternative scenario: Above 115.2 look for further upside with 115.6 & 116 as targets. Comment: the pair has struck against its new resistance (overlap) and remains under pressure as the RSI remains badly directed (but stands above its oversold area). Key levels 116 115.6 115.2 114.63 last 114.15 113.7 113.25

gold Pivot: 1680.00 Our preference: LONG positions above 1680 with 1694 & 1702 in sight. Alternative scenario: The downside penetration of 1680 will call for a slide towards 1668 & 1659. Comment: the 1680 level should act as support on any weakness. The RSI has just landed on its neutrality area at 50%. Further upside seems more likely, as long as 1680 is support. Trend: ST Ltd downside; MT Range Key levels Comment 1709** Fib retracement (61.8%) 1702** Intraday resistance 1694** Fib retracement (50%) 1686.8 Last 1680** Intraday pivot point 1668** Intraday support 1659* Intraday support

nzdusd Pivot: 0.829 Our preference: Long positions above 0.829 with targets @ 0.8395 & 0.845 in extension. Alternative scenario: Below 0.829 look for further downside with 0.8245 & 0.8205 as targets. Comment: the RSI has just broken above a declining trend line: this calls for further upside. Key levels 0.8475 0.845 0.8395 0.83252 last 0.829 0.8245 0.8205

audusd Pivot: 1.0455 Our preference: Long positions above 1.0455 with targets @ 1.0525 & 1.056 in extension. Alternative scenario: Below 1.0455 look for further downside with 1.042 & 1.0405 as targets. Comment: the RSI is supported by a rising trend line: this calls for further upside. Key levels 1.058 1.056 1.0525 1.0486 last 1.0455 1.042 1.0405