Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	979.60	+0.00	+0.00%
WTI Crude •10 mins	62.37	+0.10	+0.16%
Gasoline •13 mins	2.091	+0.007	+0.35%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.14	+0.02	+0.03%
Natural Gas • 13 mins	2.968	-0.054	-1.79%
Heating Oil • 10 mins	2.130	+0.003	+0.15%

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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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