Commodity Prices

Gold •20 mins	2,319.70	-26.70	-1.14%
Platinum •20 mins	920.00	-11.30	-1.21%
WTI Crude •10 mins	82.20	+0.30	+0.37%
Gasoline •10 mins	2.691	+0.006	+0.21%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •20 mins	26.91	-0.34	-1.23%

Silver • 20 mins	26.91	-0.34	-1.23%
Copper • 20 mins	4.411	-0.065	-1.45%
Brent Crude • 10 mins	87.29	+0.29	+0.33%
Natural Gas • 10 mins	1.787	-0.004	-0.22%
Heating Oil • 10 mins	2.577	+0.016	+0.64%

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USD/JPY: Surging Higher

By - Nov 21, 2012, 5:12 AM CST

USD/JPY has resumed its uptrend. Hourly supports can be found at 81.57 (intraday low) and 81.09 (19/11/2012 low). Resistance is at 83.39 (27/03/2012 high, see also declining trendline).

USD/JPY is likely in a long-term bottoming process. The break of the key resistance at 80.62 (25/06/2012 high) opens the way for further medium-term strength. A strong long-term resistance is at 85.53 (06/04/2011 high).

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