Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	981.90	+2.30	+0.23%
WTI Crude •10 mins	62.78	+0.51	+0.82%
Gasoline •18 mins	2.096	+0.012	+0.58%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.56	+0.44	+0.67%
Natural Gas • 10 mins	2.995	-0.027	-0.89%
Heating Oil • 14 mins	2.140	+0.013	+0.62%

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GBP/JPY: Bearish Breakout at 142.77

By - Feb 21, 2013, 5:37 AM CST

GBP/JPY broke its support at 142.77 (see also the rising channel) yesterday, suggesting a deeper correction. The support at 141.90 is challenged. A key support is at 139.27 (23/01/2013 low). An hourly resistance can be found at 143.58.

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. A key support is at 139.27 (23/01/2013 low).

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