Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	942.50	-1.50	-0.16%
WTI Crude •10 mins	67.82	-0.88	-1.28%
Gasoline •12 mins	1.957	-0.025	-1.24%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.64	-0.92	-1.27%
Natural Gas • 10 mins	2.705	-0.080	-2.87%
Heating Oil • 10 mins	2.184	-0.028	-1.28%

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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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