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Mizuho Corporate Bank

Technical Analysis 10 August 2010


GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
15Apr10 - 15Sep10
Pr
1.6

1.59
61.8

1.58

1.57

1.56
50.0
1.55

1.54

1.53
38.2
1.52

1.51

1.5

1.49

1.48

GBP=D3 , Last Quote, Candle


1.47
10Aug10 1.5904 1.5905 1.5773 1.5793
GBP=D3 , Last Quote, Tenkan Sen 9
10Aug10 1.5776 1.46
GBP=D3 , Last Quote, Kijun Sen 26
10Aug10 1.5474 1.45
GBP=D3 , Last Quote, Senkou Span(a) 52
14Sep10 1.5625
1.44
GBP=D3 , Last Quote, Senkou Span(b) 52
14Sep10 1.5173
GBP=D3 , Last Quote, Chikou Span 26 1.43
06Jul10 1.5793
16Apr10 23Apr 30Apr 07May 14May 21May 28May 04Jun 11Jun 18Jun 25Jun 02Jul 09Jul 16Jul 23Jul 30Jul 06Aug 13Aug 20Aug 27Aug 03Sep 10Sep

Comment: Retreating from 61% Fibonacci retracement resistance. Let’s see whether the 9-day moving
average provides support as the 26-day average is a long way down. It is probably best if we were to drift sideways
for a week or two so that we get back to trendline support. Cable is no longer overbought and bullish momentum
remains strong.

Strategy: Attempt small longs at 1.5800; stop below 1.5660. First target 1.5900, then 1.6000.
Chart Levels:
Support Resistance Direction of Trade
1.5770 1.5907
1.5695 1.5970
1.5665 1.6000*
1.5545* 1.6125
1.5460* 1.6275

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.