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Gold •728 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,617.10	+17.20	+1.08%
WTI Crude •11 mins	67.84	-0.74	-1.08%
Gasoline •12 mins	2.913	-0.032	-1.08%
Ethanol •728 days	2.161	+0.000	+0.00%
Silver •728 days	30.82	+1.16	+3.92%

Silver • 728 days	30.82	+1.16	+3.92%
Copper • 728 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	70.82	-0.75	-1.05%
Natural Gas • 11 mins	3.201	-0.019	-0.59%
Heating Oil • 11 mins	3.211	-0.007	-0.21%

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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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