Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	980.30	+0.70	+0.07%
WTI Crude •10 mins	62.35	+0.08	+0.13%
Gasoline •17 mins	2.085	+0.001	+0.04%
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	66.12	+0.94	+1.44%
Natural Gas • 10 mins	2.976	-0.046	-1.52%
Heating Oil • 12 mins	2.129	+0.002	+0.08%

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USD/JPY: Approaching its Recent High

By - Feb 18, 2013, 6:06 AM CST

USD/JPY has successfully tested its key support area defined by 92.17 (08/02/2013 low) and 91.98 (05/02/2013 low). It is now close to its previous high at 94.46. An hourly support is at 93.32 (intraday low).

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

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