Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,951.80	-13.00	-0.66%
WTI Crude •11 mins	96.27	-0.08	-0.08%
Gasoline •11 mins	3.425	+0.045	+1.34%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.12	+0.54	+0.53%
Natural Gas • 11 mins	2.953	-0.065	-2.15%
Heating Oil • 11 mins	3.882	+0.050	+1.30%

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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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