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Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	923.40	-20.10	-2.13%
WTI Crude •16 mins	70.00	-0.08	-0.11%
Gasoline •11 mins	1.932	-0.012	-0.62%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.90	-0.29	-0.40%
Natural Gas • 10 mins	3.407	+0.099	+2.99%
Heating Oil • 12 mins	2.246	+0.018	+0.83%

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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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