Commodity Prices

Gold •811 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,795.90	-29.60	-1.62%
WTI Crude •11 mins	90.43	-0.09	-0.10%
Gasoline •11 mins	3.530	+0.043	+1.22%
Ethanol •811 days	2.161	+0.000	+0.00%
Silver •811 days	30.82	+1.16	+3.92%

Silver • 811 days	30.82	+1.16	+3.92%
Copper • 811 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.88	+0.63	+0.63%
Natural Gas • 11 mins	3.013	+0.048	+1.62%
Heating Oil • 11 mins	4.945	+0.002	+0.05%

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USD/JPY - Challenging its Recent Highs

By - Nov 07, 2014, 5:12 AM CST

USD/JPY's rise is deeply overbought. However, no sign of sustainable selling pressures has occurred thus far. Monitor the test of the hourly resistance at 115.52 (06/11/2014 high). Hourly supports can be found at 114.06 and 113.17 (04/11/2014 low).

A long-term bullish bias is favoured as long as the key support 105.23 (15/10/2014 high) holds. The break of the major resistance at 110.66 (15/08/2008 high) opens the way for a further rise towards 120.00 (psychological threshold, see also 61.8% retracement of the 1998-2011 decline).

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