Commodity Prices

Gold •685 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,937.30	-7.70	-0.40%
WTI Crude •11 mins	102.85	-1.30	-1.25%
Gasoline •12 mins	3.622	-0.075	-2.02%
Ethanol •685 days	2.161	+0.000	+0.00%
Silver •685 days	30.82	+1.16	+3.92%

Silver • 685 days	30.82	+1.16	+3.92%
Copper • 685 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	109.89	-1.39	-1.25%
Natural Gas • 11 mins	3.090	-0.024	-0.77%
Heating Oil • 11 mins	4.085	-0.077	-1.86%

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GBP/JPY: Weak Bounce Thus Far

By - Jun 19, 2013, 5:31 AM CDT

GBP/JPY's bounce near its rising trendline (linking the low of 13/11/2012 with the one of 04/04/2013) is thus far unimpressive. Hourly resistances can be found at 150.58 and 152.03 (12/06/2013 high). An initial support is at 148.35 (intraday low, see also the hourly rising trendline). A key support area lies between 146.46 (16/04/2013 low) and 145.88.

In the longer-term, further strength towards the strong resistance at 163.09 (07/08/2009) is likely as long as the key support area between 146.46 (16/04/2013 low) and 145.88 (15/03/2013 high) holds. We do not expect a break of this resistance in the coming months though.

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