Commodity Prices

Gold •645 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,062.70	-49.40	-2.34%
WTI Crude •11 mins	98.52	+0.65	+0.66%
Gasoline •13 mins	3.025	+0.024	+0.79%
Ethanol •645 days	2.161	+0.000	+0.00%
Silver •645 days	30.82	+1.16	+3.92%

Silver • 645 days	30.82	+1.16	+3.92%
Copper • 645 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.51	+0.59	+0.62%
Natural Gas • 11 mins	2.673	+0.003	+0.11%
Heating Oil • 12 mins	3.932	-0.006	-0.14%

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GBP/JPY - Challenging a Resistance Area

By - Oct 20, 2014, 6:13 AM CDT

GBP/JPY has bounced sharply near the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). Monitor the test of the resistance at 173.32 (see also the 38.2% retracement). Hourly supports can be found at 171.25 (intraday low) and 170.21. Another resistance lies at 175.01.

In the long-term, the trend is positive as long as the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low) holds. However, the sharp reversal near the psychological threshold at 180.00 and the fading 200-day moving average indicate a weakening trend.

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