Commodity Prices

Gold •290 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	977.00	-3.10	-0.32%
WTI Crude •1 day	64.68	+2.21	+3.54%
Gasoline •1 day	2.099	+0.055	+2.71%
Ethanol •290 days	2.161	+0.000	+0.00%
Silver •290 days	30.82	+1.16	+3.92%

Silver • 290 days	30.82	+1.16	+3.92%
Copper • 290 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	67.96	+2.11	+3.20%
Natural Gas • 1 day	3.245	-0.002	-0.06%
Heating Oil • 1 day	2.152	+0.037	+1.74%

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GBP/JPY - Sharp Reversal

By - Sep 08, 2015, 5:13 AM CDT

GBP/JPY is now bouncing back towards 185.00. Hourly resistance lies at 187.64 (28/08/2015 high). Key resistance can be found at 195.88 (24/06/2015 high). However, we remain bearish on the pair as the technical structure suggests a downside momentum.

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).

Daily Technical Report