Commodity Prices

Gold •769 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,780.70	+25.80	+1.47%
WTI Crude •11 mins	83.24	+0.04	+0.05%
Gasoline •11 mins	3.131	-0.005	-0.17%
Ethanol •769 days	2.161	+0.000	+0.00%
Silver •769 days	30.82	+1.16	+3.92%

Silver • 769 days	30.82	+1.16	+3.92%
Copper • 769 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.92	+0.01	+0.01%
Natural Gas • 11 mins	2.803	+0.036	+1.30%
Heating Oil • 11 mins	4.307	+0.055	+1.29%

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USD/JPY: Breaking To The Upside Out of a Symmetrical Triangle

By - Nov 15, 2013, 5:32 AM CST

USD/JPY has broken the resistance implied by the declining trendline. The short-term technical configuration is positive as long as the support at 99.11 (12/11/2013 low) holds. An initial support lies at 99.79 (intraday low). A resistance is at 100.61.

In the medium-term, the break of the symmetrical triangle favours further rises towards the key resistance at 103.74 (22/05/2013 high).

In the longer term, the technical configuration since the 22 May peak at 103.74 looks like a pause within an underlying uptrend. Therefore, we expect an eventual continuation of the longer term bullish trend. A significant support stands at 95.81. A key resistance stands at 101.53.

Daily Technical Report