Commodity Prices

Gold •643 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,030.60	+82.70	+4.25%
WTI Crude •11 mins	91.63	-21.32	-18.88%
Gasoline •11 mins	2.954	-0.352	-10.64%
Ethanol •643 days	2.161	+0.000	+0.00%
Silver •643 days	30.82	+1.16	+3.92%

Silver • 643 days	30.82	+1.16	+3.92%
Copper • 643 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	109.27	-0.50	-0.46%
Natural Gas • 11 mins	2.781	-0.089	-3.10%
Heating Oil • 11 mins	3.775	-0.702	-15.69%

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GBP/JPY - Consolidating Below The Resistance at 184.19

By - Feb 23, 2015, 3:04 PM CST

GBP/JPY has broken the key resistance area between 180.28 and 180.94, validating a bullish reversal pattern with an upside potential at 184.70. However, monitor the consolidation between the support at 181.54 and the resistance at 184.19. Another support stands at 180.17 (09/02/2015 low).

In the long-term, the lack of any medium-term bearish reversal pattern favours a bullish bias. A support is given by the 200-day moving average (around 176.30), while a strong support area lies between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). A strong resistances stands at 190.00 (psychological threshold).

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