Commodity Prices

Gold •468 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,687.60	+11.10	+0.66%
WTI Crude •11 mins	59.05	+0.35	+0.60%
Gasoline •11 mins	1.836	+0.007	+0.39%
Ethanol •468 days	2.161	+0.000	+0.00%
Silver •468 days	30.82	+1.16	+3.92%

Silver • 468 days	30.82	+1.16	+3.92%
Copper • 468 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.67	+0.28	+0.45%
Natural Gas • 11 mins	3.027	-0.001	-0.03%
Heating Oil • 11 mins	2.191	-0.007	-0.31%

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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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