Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	930.60	-4.00	-0.43%
WTI Crude •12 mins	70.36	-0.22	-0.31%
Gasoline •11 mins	1.938	-0.005	-0.27%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.16	-0.23	-0.31%
Natural Gas • 10 mins	3.481	+0.107	+3.17%
Heating Oil • 10 mins	2.242	-0.014	-0.60%

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GBP/JPY - Making Mew Multi-Year Highs

By - Sep 18, 2014, 5:49 AM CDT

GBP/JPY has broken the key resistance at 175.37 (03/07/2014 low), confirming the underlying bullish trend. Hourly supports now lie at 175.31 (intraday low) and 174.67 (12/09/2014 high).

In the long-term, the break of the major resistance at 163.09 (07/08/2009 high) calls for further strength towards the resistance at 179.17 (15/08/2002 low). Another resistance stands at 183.98 (50% retracement of the 2007-2009 decline). A decisive break of the strong support at 169.51 (11/04/2014 low) is needed to invalidate this scenario.

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