Commodity Prices

Gold •631 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,856.10	-1.20	-0.06%
WTI Crude •11 mins	93.40	-1.08	-1.14%
Gasoline •1 hour	3.111	-0.019	-0.61%
Ethanol •631 days	2.161	+0.000	+0.00%
Silver •631 days	30.82	+1.16	+3.92%

Silver • 631 days	30.82	+1.16	+3.92%
Copper • 631 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.65	-1.36	-1.26%
Natural Gas • 16 mins	2.985	-0.014	-0.47%
Heating Oil • 11 mins	4.263	-0.010	-0.24%

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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