Commodity Prices

Gold •10 mins	2,356.20	+13.70	+0.58%
Platinum •10 mins	923.50	+3.00	+0.33%
WTI Crude •10 mins	84.36	+0.79	+0.95%
Gasoline •11 mins	2.778	+0.020	+0.72%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.88	+0.24	+0.88%

Silver • 10 mins	27.88	+0.24	+0.88%
Copper • 10 mins	4.591	+0.052	+1.15%
Brent Crude • 10 mins	89.74	+0.73	+0.82%
Natural Gas • 17 mins	1.539	-0.099	-6.04%
Heating Oil • 12 mins	2.579	+0.029	+1.12%

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USD/JPY: Moving Back Toward The Highs

By - Mar 19, 2013, 6:42 AM CDT

USD/JPY has erased all the losses made yesterday. Further rise towards the resistance at 96.71 (12/03/2013 high) is likely. An hourly support is at 94.82 (intraday low). Another support can be found at 93.57 (18/03/2013 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, given by the key resistance at 94.99 (04/05/2010 high), has been reached. A move towards the next key resistance at 101.45 (06/04/2009 high) is expected.

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