Commodity Prices

Gold •652 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,086.40	-25.80	-1.22%
WTI Crude •11 mins	93.32	-1.37	-1.45%
Gasoline •11 mins	3.158	-0.006	-0.17%
Ethanol •652 days	2.161	+0.000	+0.00%
Silver •652 days	30.82	+1.16	+3.92%

Silver • 652 days	30.82	+1.16	+3.92%
Copper • 652 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.24	-1.15	-1.16%
Natural Gas • 15 mins	2.660	+0.013	+0.49%
Heating Oil • 14 mins	3.815	-0.018	-0.47%

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USD/JPY - Bouncing Back on The 125-Level

By - Jun 03, 2015, 6:06 AM CDT

USD/JPY has bounced back on the 125-level. We still target the resistance at 125.69 (12/06/2002 high) and we still consider the pair as strongly bullish as we stay largely above the 200-dma. Hourly support is given at 122.78 (27/05/2015 low). Key resistance lies at 135.15 (14-year 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 135.15 (01/02/2002 high) is favored. A key support can be found at 118.18 (16/02/2015 low).

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