Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	972.90	-7.40	-0.75%
WTI Crude •19 hours	63.02	+0.23	+0.37%
Gasoline •19 hours	2.119	+0.013	+0.63%
Ethanol •296 days	2.161	+0.000	+0.00%
Silver •296 days	30.82	+1.16	+3.92%

Silver • 296 days	30.82	+1.16	+3.92%
Copper • 296 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	66.87	+0.32	+0.48%
Natural Gas • 19 hours	2.937	+0.007	+0.24%
Heating Oil • 19 hours	2.167	+0.024	+1.10%

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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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