Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	935.70	-0.70	-0.07%
WTI Crude •10 mins	69.74	+0.28	+0.40%
Gasoline •13 mins	1.952	+0.010	+0.52%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.18	+0.24	+0.33%
Natural Gas • 10 mins	3.878	+0.130	+3.47%
Heating Oil • 38 mins	2.248	+0.016	+0.72%

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GBP/JPY: Bearish Breakout of the Resistances at 144.85 and 144.27

By - Feb 15, 2013, 6:43 AM CST

GBP/JPY has broken the support area defined by 144.85 (05/02/2013 low) and 144.27 (17/01/2013 high). Further decline towards the support at 141.90 (see also rising trendline) is expected. Hourly resistances can be found at 145.39 (14/02/2013 high) and 146.61 (13/02/2013 high).

The break below the aforementioned support area has stopped our long strategy with profits.

GBP/JPY has broken its strong resistance at 140.03 (08/04/2011 high). Further long-term strength towards the key resistance at 163.09 (07/08/2009) is likely.

Daily Technical Report