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Daily Technical Analysis for EURUSD as at 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 1.3195 – 1.3080 Target 1 : 1.3400 Target 2 : 1.3385 Stop : < 1.2995 Comments As posted yesterday, “after reaching Target 1, EURUSD has been trading between the last swing high and the 8 period moving averages. A move back to Fibonacci support may offer the possibility of participating once again on the long side however an upward break from these levels can also not be ruled out.” Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for GBPUSD as at 22nd January 2013 DAILY OVERVIEW Trend : Short Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments Yesterday’s price action managed to breach the 15th November lows. This price action has created a lower low on the Weekly time frame. At the moment, it is probably too early in the move to post a possible Fibonacci resistance sell zone area. Definitions Trend : Current trend as defined by technical Swing Analysis. HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDCHF as at 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : 0.9230 – 0.9140 Target 1 : 0.9385 Target 2 : 0.9490 Stop : <0.9080 Comments USDCHF is now retracting back to the 8 period moving averages. We are monitoring the price action for a possible move back to Fibonacci support which may offer the possibility of a buying opportunity. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend Daily Technical Analysis for USDJPY as at 22nd January 2013 DAILY OVERVIEW Trend : Long Ambush Zone : - Target 1 : - Target 2 : - Stop : - Comments USDJPY is making another attempt at a pull back. We have identified a weekly negative RSI divergence and declining ADX readings after moving into extreme areas as possible indications that this strong trend may finally need to take a pause. Definitions Trend : Current trend as defined by technical Swing Analysis HH : Higher High HL : Higher Low LL : Lower Low LH : Lower High CofT : Change of Trend

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