Commodity Prices

Gold •704 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,756.70	-41.20	-2.29%
WTI Crude •11 mins	94.62	+4.08	+4.51%
Gasoline •12 mins	3.152	+0.106	+3.49%
Ethanol •704 days	2.161	+0.000	+0.00%
Silver •704 days	30.82	+1.16	+3.92%

Silver • 704 days	30.82	+1.16	+3.92%
Copper • 704 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.95	+3.86	+4.15%
Natural Gas • 11 mins	3.136	-0.093	-2.88%
Heating Oil • 11 mins	3.736	+0.149	+4.15%

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USD/JPY - False Bullish Breakout?

By - May 06, 2015, 5:37 AM CDT

USD/JPY remains weak as long as prices remain below the key resistance at 120.10/20 (declining trendline). A support stands at 119.35 (29/04/2015) high then 118.53. Another resistance is given by the recent high at 120.50 then 120.84 (13/04/2015 high).

A long-term bullish bias is favored as long as the strong support at 115.57 (16/12/2014 low) holds. A gradual rise towards the major resistance at 124.14 (22/06/2007 high) is favored. A key support can be found at 118.18 (16/02/2015 low), whereas a key resistance stands at 121.85 (see also the long-term declining channel).

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