Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •16 hours	101.94	-3.13	-2.98%
Gasoline •16 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	108.17	-2.23	-2.02%
Natural Gas • 16 hours	2.780	+0.013	+0.47%
Heating Oil • 16 hours	3.946	-0.135	-3.30%

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GBP/JPY - Forming a Potential Double-Top?

By - Nov 13, 2014, 6:07 AM CST

GBP/JPY has failed to break the resistance at 184.33. Monitor the support at 181.13, as a break would validate a double-top formation. Another support stands at 179.66 (see also the rising trendline).

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. The break of the strong resistance at 180.72 (19/09/2014 high) opens the way for further strength. A key resistance stands at 197.45 (24/09/2008 high).

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