Commodity Prices

Gold •309 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	984.00	+4.50	+0.46%
WTI Crude •10 mins	60.28	+0.37	+0.62%
Gasoline •11 mins	2.091	+0.005	+0.25%
Ethanol •309 days	2.161	+0.000	+0.00%
Silver •309 days	30.82	+1.16	+3.92%

Silver • 309 days	30.82	+1.16	+3.92%
Copper • 309 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.20	+0.36	+0.57%
Natural Gas • 10 mins	3.630	+0.038	+1.06%
Heating Oil • 11 mins	2.053	+0.013	+0.62%

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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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