Commodity Prices

Gold •431 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,397.70	+11.00	+0.79%
WTI Crude •11 mins	62.27	+0.40	+0.65%
Gasoline •11 mins	1.962	-0.002	-0.12%
Ethanol •431 days	2.161	+0.000	+0.00%
Silver •431 days	30.82	+1.16	+3.92%

Silver • 431 days	30.82	+1.16	+3.92%
Copper • 431 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.02	+0.52	+0.79%
Natural Gas • 11 mins	3.121	+0.073	+2.40%
Heating Oil • 11 mins	2.314	+0.027	+1.17%

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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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