Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,662.60	+60.30	+3.76%
WTI Crude •10 mins	83.81	-0.65	-0.77%
Gasoline •11 mins	3.321	-0.077	-2.26%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.71	-1.03	-1.14%
Natural Gas • 10 mins	2.763	+0.041	+1.51%
Heating Oil • 13 mins	4.263	-0.107	-2.46%

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USD/JPY - Challenging its Recent Highs

By - Mar 10, 2015, 1:35 PM CDT

USD/JPY has rallied of bullish trend line and is now challenging the key resistance at 121.85. A support can be found at 120.66 (see also the rising channel top). Another support lies at 118.18.

A long-term bullish bias is favoured as long as the key support at 110.09 (01/10/2014 high) holds. Even if a medium-term consolidation is likely underway, there is no sign to suggest the end of the long-term bullish trend yet. A gradual rise towards the major resistance at 124.14 (22/06/2007 high) is therefore favoured. A key support can be found at 115.57 (16/12/2014 low).

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