Mizuho Corporate Bank

Technical Analysis 26 January 2010

GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
21Sep09 - 03Mar10
Pr
GBP=D3 , Last Quote, Candle
26Jan10 1.6243 1.6269 1.6191 1.6237 1.68
GBP=D3 , Last Quote, Tenkan Sen 9
26Jan10 1.6268
GBP=D3 , Last Quote, Kijun Sen 26
26Jan10 1.6146 1.67
GBP=D3 , Last Quote, Senkou Span(a) 52
02Mar10 1.6207
GBP=D3 , Last Quote, Senkou Span(b) 52
02Mar10 1.6356 1.66
GBP=D3 , Last Quote, Chikou Span 26
22Dec09 1.6237
1.65

1.64

1.63

1.62

1.61

1.6

1.59

1.58

38.2 1.57

28Sep09 12Oct 26Oct 09Nov 23Nov 07Dec 21Dec 04Jan 18Jan 01Feb 15Feb 01Mar

Comment: Holding up better than many but still stuck below the Ichimoku ‘cloud’ and the moving averages.
Daily and weekly ‘clouds’ become very thin Tuesday and mid-February so watch for upside breaks then.

Strategy: Possibly attempt very small longs at 1.6245, adding to 1.6145; stop below 1.6070. Short term target
1.6265/1.6300.
Chart Levels:
Support Resistance Direction of Trade
1.6191 1.6269
1.6146 1.6300
1.6077 1.6313
1.6000 1.6380
1.5945 1.6459*

Produced by London Branch - Nicole Elliott +44-20-7786-2509

The information contained in this paper is based on or derived from information generally available to the public from sources believed to be reliable. No representation or
warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This paper has been prepared
solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading
strategy.

Charts provided by Reuters.