Commodity Prices

Gold •781 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,890.90	-4.80	-0.25%
WTI Crude •11 mins	85.34	-1.72	-1.98%
Gasoline •33 mins	3.292	-0.056	-1.66%
Ethanol •781 days	2.161	+0.000	+0.00%
Silver •781 days	30.82	+1.16	+3.92%

Silver • 781 days	30.82	+1.16	+3.92%
Copper • 781 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.68	-1.71	-1.81%
Natural Gas • 13 mins	2.729	-0.044	-1.59%
Heating Oil • 11 mins	4.412	-0.083	-1.84%

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USD/JPY: Bearish Breakout of The Support at 101.63

By - Feb 04, 2014, 5:54 AM CST

USD/JPY has broken its key support at 101.63 and has validated a symmetrical triangle with a downside risk at 100.30. Supports are given by the 200 day moving average (around 100.09) and 99.57. Hourly resistances stand at 101.67 (intraday low) and 102.41.

The corrective phase is approaching a key support area given by the 200 day moving average (around 100.09) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)). As long as these levels hold, a long term bullish bias is favoured. A major resistance stands at 110.66 (15/08/2008 high).

Daily Technical Report