Commodity Prices

Gold •259 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,008.60	-14.80	-1.45%
WTI Crude •11 mins	67.25	+0.35	+0.52%
Gasoline •11 mins	2.168	-0.000	-0.01%
Ethanol •259 days	2.161	+0.000	+0.00%
Silver •259 days	30.82	+1.16	+3.92%

Silver • 259 days	30.82	+1.16	+3.92%
Copper • 259 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.87	+0.31	+0.44%
Natural Gas • 10 mins	4.208	+0.156	+3.85%
Heating Oil • 10 mins	2.234	+0.039	+1.79%

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GBP/JPY - Targeting Year High

By - Aug 19, 2015, 6:25 AM CDT

GBP/JPY has broken the short-term rising channel. Key resistance lies at 195.88 (year-high) and 197.45 (26/09/2008 high). Stronger support is given by the 38.2% Fibonacci retracement at 187.86. We expect the pair to hold below 195.88.

In the long-term, the lack of any medium-term bearish reversal pattern favours a bullish bias. The successful test of the strong support at 175.51 (03/02/2015 low) signals persistent buying interest. Key resistances stand at 197.45 (26/09/2008 high). A major support area can be found between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low).

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