Commodity Prices

Gold •14 mins	2,399.00	+1.00	+0.04%
Platinum •14 mins	951.10	-3.40	-0.36%
WTI Crude •17 mins	83.90	+1.17	+1.41%
Gasoline •21 mins	2.731	+0.017	+0.63%
Ethanol •9 hours	2.161	+0.000	+0.00%
Silver •14 mins	28.42	+0.04	+0.14%

Silver • 14 mins	28.42	+0.04	+0.14%
Copper • 14 mins	4.450	+0.013	+0.29%
Brent Crude • 10 mins	88.20	+1.09	+1.25%
Natural Gas • 10 mins	1.759	+0.002	+0.11%
Heating Oil • 19 mins	2.556	+0.022	+0.86%

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USD/JPY: Approaching its Recent High

By - Feb 18, 2013, 6:06 AM CST

USD/JPY has successfully tested its key support area defined by 92.17 (08/02/2013 low) and 91.98 (05/02/2013 low). It is now close to its previous high at 94.46. An hourly support is at 93.32 (intraday low).

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). The first long-term objective is the key resistance at 94.99 (04/05/2010 high) has almost been reached. Another key resistance can be found at 101.45 (06/04/2009 high).

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