Commodity Prices

Gold •726 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,569.00	-23.30	-1.46%
WTI Crude •11 mins	69.94	-0.81	-1.14%
Gasoline •11 mins	3.053	-0.008	-0.27%
Ethanol •726 days	2.161	+0.000	+0.00%
Silver •726 days	30.82	+1.16	+3.92%

Silver • 726 days	30.82	+1.16	+3.92%
Copper • 726 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	73.03	-0.12	-0.16%
Natural Gas • 11 mins	3.294	+0.113	+3.55%
Heating Oil • 12 mins	3.347	+0.015	+0.45%

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USD/JPY: Making New Highs

By - Feb 01, 2013, 5:35 AM CST

USD/JPY is making higher highs confirming the strong underlying uptrend. A move towards the resistance at 92.89 (04/06/2010 high) is favoured. Another resistance can be found at 94.99 (04/05/2010 high). An hourly support is at 91.62 (intraday low). Another support can be found at 90.75 (31/01/2013 low).

We have raised the stop-loss of our long strategy given the recent rise.

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). Another key resistance can be found at 101.45 (06/04/2009 high).

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