Commodity Prices

Gold •713 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,811.70	-3.00	-0.17%
WTI Crude •11 mins	76.73	+0.68	+0.89%
Gasoline •15 mins	2.899	+0.018	+0.62%
Ethanol •713 days	2.161	+0.000	+0.00%
Silver •713 days	30.82	+1.16	+3.92%

Silver • 713 days	30.82	+1.16	+3.92%
Copper • 713 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	78.96	-4.21	-5.06%
Natural Gas • 14 mins	3.256	+0.017	+0.52%
Heating Oil • 12 mins	3.204	+0.034	+1.06%

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USD/JPY: Challenging The Recent Highs

By - Dec 19, 2012, 5:31 AM CST

USD/JPY rose yesterday. It is now challenging its recent highs at 84.48 (17/12/2012 high). Hourly supports can be found at 83.61 (l17/12/2012 low) and 83.25 (intraday low).

The general overbought conditions and the strong resistance at 84.18 suggest an upcoming short-term phase of weakness.

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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