Mizuho Corporate Bank

Technical Analysis 11 January 2010

GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
23Sep09 - 16Feb10
Pr
GBP=D3 , Last Quote, Candle 1.69
11Jan10 1.6075 1.6108 1.6045 1.6090
GBP=D3 , Last Quote, Tenkan Sen 9
11Jan10 1.6037
GBP=D3 , Last Quote, Kijun Sen 26 1.68
11Jan10 1.6174
GBP=D3 , Last Quote, Senkou Span(a) 52
15Feb10 1.6106 1.67
GBP=D3 , Last Quote, Senkou Span(b) 52
15Feb10 1.6356
GBP=D3 , Last Quote, Chikou Span 26
07Dec09 1.6090 1.66

1.65

1.64

1.63

1.62

1.61

1.6

1.59

1.58

1.57
30Sep09 07Oct 14Oct 21Oct 28Oct 04Nov 11Nov 18Nov 25Nov 02Dec 09Dec 16Dec 23Dec 30Dec 06Jan 13Jan 20Jan 27Jan 03Feb 10Feb

Comment: Trying to form an interim base in the 1.6000 area, but tediously slow work. Bullish momentum
has decreased significantly this year but now looks to be stabilising. Futures positions are being re-built.

Strategy: Attempt small longs at 1.6075; stop below 1.5800. First target 1.6175 then 1.6240.
Chart Levels:
Support Resistance Direction of Trade
1.6045 1.6112
1.5965 1.6175
1.5935 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.