Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •15 mins	943.80	-10.70	-1.12%
WTI Crude •14 hours	83.14	+0.41	+0.50%
Gasoline •14 hours	2.710	-0.003	-0.13%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.84	+0.46	+1.63%

Silver • 15 mins	28.84	+0.46	+1.63%
Copper • 15 mins	4.498	+0.061	+1.37%
Brent Crude • 13 hours	87.29	+0.18	+0.21%
Natural Gas • 14 hours	1.752	-0.005	-0.28%
Heating Oil • 14 hours	2.541	+0.007	+0.29%

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USD/JPY: A Test of The Recent Highs is Favoured

By - Jan 10, 2014, 5:44 AM CST

USD/JPY has bounced near the key support at 103.77 (see also the short-term rising channel). A test of the resistance at 105.44 (02/01/2014 high) is now expected. An initial support lies at 104.58 (09/01/2014 low).

The move above the key resistance at 103.74 favours a continuation of the longer term bullish trend. Monitor the resistance at 105.50 (61.8% retracement of the decline that started in June 2007). A major resistance stands at 110.66 (15/08/2008 high). A significant support now lies at 99.57 (19/11/2013 low, see also the 200 day moving average).

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