Commodity Prices

Gold •684 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,973.50	-3.90	-0.20%
WTI Crude •11 mins	103.34	-1.04	-1.00%
Gasoline •11 mins	3.700	-0.061	-1.62%
Ethanol •684 days	2.161	+0.000	+0.00%
Silver •684 days	30.82	+1.16	+3.92%

Silver • 684 days	30.82	+1.16	+3.92%
Copper • 684 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.45	-1.65	-1.47%
Natural Gas • 11 mins	3.053	+0.029	+0.96%
Heating Oil • 12 mins	4.055	-0.059	-1.44%

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GBP/JPY: Bullish Reversal is Short-Term Positive

By - Nov 29, 2012, 4:56 AM CST

GBP/JPY is moving sideways since its 22 November high. However, yesterday's bullish reversal favours a move towards the resistance at 132.45 (26/11/2012 high). Supports can be found at 130.46 (28/11/2012 low) and 130.01 (21/11/2012 low).

GBP/JPY has broken its long-term falling trendline that started in April 2010. This breakout calls for further medium-term strength. The next resistances are at 133.49 and 140.03 (08/04/2011 high).

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