Commodity Prices

Gold •473 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,650.70	+31.20	+1.93%
WTI Crude •12 mins	57.27	-0.27	-0.47%
Gasoline •11 mins	1.821	-0.017	-0.90%
Ethanol •474 days	2.161	+0.000	+0.00%
Silver •473 days	30.82	+1.16	+3.92%

Silver • 473 days	30.82	+1.16	+3.92%
Copper • 473 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.71	-0.58	-0.95%
Natural Gas • 11 mins	3.354	+0.346	+11.50%
Heating Oil • 11 mins	2.185	+0.005	+0.25%

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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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