Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,350.60	-11.10	-0.82%
WTI Crude •10 mins	64.40	-0.20	-0.31%
Gasoline •12 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	68.21	-0.41	-0.60%
Natural Gas • 11 mins	2.978	+0.034	+1.15%
Heating Oil • 2 hours	2.281	-0.029	-1.24%

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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).

Daily Technical Report