Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	948.50	-8.10	-0.85%
WTI Crude •10 mins	66.55	-0.40	-0.60%
Gasoline •11 mins	2.148	-0.016	-0.74%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.74	-0.40	-0.57%
Natural Gas • 10 mins	4.115	-0.023	-0.56%
Heating Oil • 11 mins	2.173	-0.016	-0.75%

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USD/JPY: Has Met and Exceeded Its Inverted Head and Shoulders Target

By - Feb 07, 2013, 5:20 AM CST

USD/JPY is making higher highs confirming the strong underlying uptrend. In fact the long term inverted head and shoulders target has also been met close to the 92.50 region.

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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