Commodity Prices

Gold •229 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,013.90	-5.30	-0.52%
WTI Crude •10 mins	71.66	+0.92	+1.30%
Gasoline •15 mins	2.108	+0.018	+0.85%
Ethanol •229 days	2.161	+0.000	+0.00%
Silver •229 days	30.82	+1.16	+3.92%

Silver • 229 days	30.82	+1.16	+3.92%
Copper • 229 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.63	+0.41	+0.55%
Natural Gas • 10 mins	3.579	-0.146	-3.92%
Heating Oil • 10 mins	2.464	+0.002	+0.09%

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GBP/JPY - A Bearish Bias Remains Favoured

By - Mar 23, 2015, 6:14 AM CDT

GBP/JPY remains weak near the support implied by the 200-day moving average (around 178.19). A break of the resistance area between 180.17 and 181.07 is needed to improve the short-term technical structure. Hourly supports can be found at 177.73 (19/03/2015 low) and 177.16 (18/03/2015 low).

In the long-term, the lower high made on February 2015 suggests a weakening uptrend. Monitor the strong support at 175.51 (03/02/2015 low). A major support area can be found between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). A resistance lies at 185.03 (26/02/2015 high).

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