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Gold •10 mins	1,805.90	-4.00	-0.22%
Platinum •10 mins	866.80	+3.60	+0.42%
WTI Crude •10 mins	40.56	-0.06	-0.15%
Gasoline •11 mins	1.278	+0.003	+0.23%
Ethanol •2 hours	1.358	+0.013	+0.97%
Silver •10 mins	18.67	-0.03	-0.16%

Silver • 10 mins	18.67	-0.03	-0.16%
Copper • 10 mins	2.809	+0.012	+0.41%
Brent Crude • 11 mins	43.05	-0.03	-0.07%
Natural Gas • 11 mins	1.871	-0.005	-0.27%
Heating Oil • 11 mins	1.240	-0.004	-0.29%

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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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