Commodity Prices

Gold •364 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,384.80	-48.70	-3.40%
WTI Crude •10 mins	67.35	-0.10	-0.15%
Gasoline •10 mins	2.122	-0.001	-0.04%
Ethanol •364 days	2.161	+0.000	+0.00%
Silver •364 days	30.82	+1.16	+3.92%

Silver • 364 days	30.82	+1.16	+3.92%
Copper • 364 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.00	-0.11	-0.16%
Natural Gas • 10 mins	3.525	+0.037	+1.06%
Heating Oil • 10 mins	2.420	+0.009	+0.35%

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USD/JPY: Making New Highs

By - Apr 08, 2013, 5:45 AM CDT

USD/JPY has broken the resistance at 96.71 (12/03/2013 high). A next resistance can be found at 99.74 (07/05/2009 high), while a strong resistance is at 101.45. Hourly supports are at 98.30 (intraday low) and 97.51 (intraday low).

Given the strong bullish momentum, we have raised our last target and our stop-loss.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). A move towards the key resistance at 101.45 (06/04/2009 high) is expected.

Daily Technical Report