Commodity Prices

Gold •702 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.90	-102.00	-5.37%
WTI Crude •15 hours	90.54	-2.50	-2.69%
Gasoline •15 hours	3.046	+0.008	+0.25%
Ethanol •702 days	2.161	+0.000	+0.00%
Silver •702 days	30.82	+1.16	+3.92%

Silver • 702 days	30.82	+1.16	+3.92%
Copper • 702 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	93.09	-1.94	-2.04%
Natural Gas • 15 hours	3.229	-0.107	-3.21%
Heating Oil • 15 hours	3.587	-0.086	-2.35%

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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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