Mizuho Corporate Bank

Technical Analysis 12 January 2010

GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
24Jul09 - 17Feb10
Pr
GBP=D3 , Last Quote, Candle
12Jan10 1.6115 1.6129 1.6063 1.6113 1.7
GBP=D3 , Last Quote, Tenkan Sen 9
12Jan10 1.6069
GBP=D3 , Last Quote, Kijun Sen 26 1.69
12Jan10 1.6155
GBP=D3 , Last Quote, Senkou Span(a) 52
16Feb10 1.6112 1.68
GBP=D3 , Last Quote, Senkou Span(b) 52
16Feb10 1.6356
GBP=D3 , Last Quote, Chikou Span 26 1.67
08Dec09 1.6113

1.66

1.65

1.64

1.63

1.62

1.61

1.6

1.59

1.58

1.57

27Jul09 10Aug 24Aug 07Sep 21Sep 05Oct 19Oct 02Nov 16Nov 30Nov 14Dec 28Dec 11Jan 25Jan 08Feb

Comment: A potential, if crooked, ‘double bottom’ in the making as the USD loses a little ground against a
raft of other currencies (except the Venezuelan Bolivar which was devalued by up to 50% Sunday).

Strategy: Attempt small longs at 1.6095; stop below 1.5900. First target 1.6185 then 1.6240 and more later.
Chart Levels:
Support Resistance Direction of Trade
1.6063 1.6129
1.6035 1.6194
1.5915 1.6242
1.5895 1.6300
1.5832* 1.6340

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.