Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,159.00	+28.50	+1.34%
WTI Crude •11 mins	91.77	+0.48	+0.53%
Gasoline •13 mins	3.060	-0.010	-0.32%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	95.03	+0.10	+0.11%
Natural Gas • 12 mins	2.592	-0.018	-0.69%
Heating Oil • 13 mins	3.786	+0.033	+0.88%

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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