Commodity Prices

Gold •389 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,433.20	+10.40	+0.73%
WTI Crude •10 mins	65.48	+0.32	+0.49%
Gasoline •12 mins	2.106	+0.009	+0.42%
Ethanol •389 days	2.161	+0.000	+0.00%
Silver •389 days	30.82	+1.16	+3.92%

Silver • 389 days	30.82	+1.16	+3.92%
Copper • 389 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.78	+0.34	+0.50%
Natural Gas • 11 mins	3.084	-0.026	-0.84%
Heating Oil • 15 mins	2.403	-0.003	-0.12%

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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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