Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,639.10	-17.30	-1.04%
WTI Crude •11 mins	61.48	-0.03	-0.05%
Gasoline •11 mins	1.878	-0.004	-0.22%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.14	-0.08	-0.12%
Natural Gas • 11 mins	3.241	-0.028	-0.86%
Heating Oil • 16 mins	2.278	-0.003	-0.11%

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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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