Commodity Prices

Gold •810 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,807.40	+6.00	+0.33%
WTI Crude •1 hour	92.37	-3.71	-3.86%
Gasoline •1 hour	3.470	-0.058	-1.64%
Ethanol •810 days	2.161	+0.000	+0.00%
Silver •810 days	30.82	+1.16	+3.92%

Silver • 810 days	30.82	+1.16	+3.92%
Copper • 810 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	100.06	-3.81	-3.67%
Natural Gas • 1 hour	2.836	-0.076	-2.61%
Heating Oil • 1 hour	4.890	-0.168	-3.33%

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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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