TECHNICAL ANALYSIS 11/01/2013

eurusd Pivot: 1.3170. Our preference: LONG positions above 1.317 with 1.328 & 1.3295 as next targets. Alternative scenario: The downside penetration of 1.317 will call for a slide towards 1.313 & 1.309. Comment: the pair remains on the upside and is challenging a strong MT resistance area, the RSI stands above its neutral area. Trend: ST Ltd Upside; MT Range Key levels Comment 1.3305** Intraday resistance 1.3295*** Intraday resistance 1.328*** Intraday resistance 1.3259 Last 1.317*** Intraday pivot point 1.313*** Intraday support 1.309*** Intraday support

gbpusd Pivot: 1.6080. Our preference: LONG positions above 1.608 with 1.6175 & 1.62 as next targets. Alternative scenario: The downside breakout of 1.608 will open the way to 1.6055 & 1.603. Comment: the pair remains on the upside and is challenging its resistance, the bias remains therefore bullish even if a pull back should not be ruled out. Trend: ST Ltd Upside; MT Range Key levels Comment 1.6225** Intraday resistance 1.62*** Intraday resistance 1.6175*** Intraday resistance 1.6145 Last 1.608*** Intraday pivot point 1.6055** Intraday support 1.603*** Intraday support

usdjpy Pivot: 88.20. Our preference: LONG positions above 88.2 with targets @ 89.35 & 89.5. Alternative scenario: The downside breakout of 88.2 will open the way to 87.9 & 87.7. Comment: the pair has broken above its previous high and remains on the upside, the RSI stands above its neutral area and remains well directed. Trend: ST Ltd Upside; MT Range Key levels Comment 89.8** Intraday resistance 89.5** Intraday resistance 89.35*** Intraday resistance 89.04 Last 88.2*** Intraday pivot point 87.9*** Intraday support 87.7*** Intraday support

eurjpy Pivot: 116.65 Our preference: Long @ 116.73 with targets @ 118.6 & 119.1 in extension. Alternative scenario: Below 116.65 look for further downside with 116 & 115.5 as targets. Comment: the pair has broken above its previous high and should post further advance as the RSI stands above its neutral area and remains on the upside. Key levels 119.6 119.1 118.6 118.126 last 116.65 116 115.5

gold Pivot: 1658.00 Our preference: LONG positions above 1658 with targets @ 1680 & 1695. Alternative scenario: The downside penetration of 1658 will call for 1652 & 1643. Comment: gold prices are supported by a rising trend line. The 50 simple moving average is heading up. The upside prevails as long as 1658 isn't broken. Trend: ST Ltd downside; MT Range Key levels Comment 1711*** Channel resistance 1695** Intraday resistance 1680** Intraday resistance 1673.02 Last 1658** Intraday pivot point 1652*** Intraday support 1643** Intraday support

nzdusd Pivot: 0.8375 Our preference: Long positions above 0.8375 with targets @ 0.8475 & 0.849 in extension. Alternative scenario: Below 0.8375 look for further downside with 0.8345 & 0.831 as targets. Comment: the pair keeps trading within a bullish channel and stands above its new support, the RSI lacks downward momentum. Key levels 0.8535 0.849 0.8475 0.84235 last 0.8375 0.8345 0.831

audusd Pivot: 1.0535 Our preference: Long positions above 1.0535 with targets @ 1.06 & 1.062 in extension. Alternative scenario: Below 1.0535 look for further downside with 1.049 & 1.0475 as targets. Comment: the pair is facing a pull back on its new support (former resistance that became a support) ahead of further advance. Key levels 1.065 1.062 1.06 1.05794 last 1.0535 1.049 1.0475