Mizuho Corporate Bank

Technical Analysis 05 August 2010

GBP
GBP=D3, Last Quote [Candle], Last Quote [Ichimoku 9, 26, 52, 26] Daily
09Apr10 - 10Sep10
GBP=D3 , Last Quote, Candle Pr
05Aug10 1.5888 1.5913 1.5874 1.5905 1.61
GBP=D3 , Last Quote, Tenkan Sen 9
05Aug10 1.5682 1.6
GBP=D3 , Last Quote, Kijun Sen 26
05Aug10 1.5421 1.59
61.8 GBP=D3 , Last Quote, Senkou Span(a) 52
09Sep10 1.5551
1.58
GBP=D3 , Last Quote, Senkou Span(b) 52
09Sep10 1.5149
GBP=D3 , Last Quote, Chikou Span 26 1.57
01Jul10 1.5905
1.56
50.0
1.55

1.54

1.53
38.2
1.52

1.51

1.5

1.49

1.48

1.47

1.46

1.45

1.44

1.43

1.42
13Apr10 20Apr 27Apr 04May 11May 18May 25May 01Jun 08Jun 15Jun 22Jun 29Jun 06Jul 13Jul 20Jul 27Jul 03Aug 10Aug 17Aug 24Aug 31Aug 07Sep

Comment: Consolidating in tiny daily ranges at the 61% Fibonacci retracement of this year’s decline. Sterling
is still very overbought while bullish momentum remains very strong. The 9-day moving average is soaring and
should be in a position to provide support this week.

Strategy: Attempt small longs at 1.5900 adding to 1.5860; stop well below 1.5680. First target 1.6000/1.6070,
then 1.6450.
Chart Levels:
Support Resistance Direction of Trade
1.5857 1.5913
1.5800 1.5968*
1.5750 1.6000
1.5695/1.5680 1.6070
1.5545* 1.6125

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.