Commodity Prices

Gold •168 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	927.10	-7.50	-0.80%
WTI Crude •2 hours	70.19	-0.39	-0.55%
Gasoline •26 mins	1.935	-0.008	-0.39%
Ethanol •168 days	2.161	+0.000	+0.00%
Silver •168 days	30.82	+1.16	+3.92%

Silver • 168 days	30.82	+1.16	+3.92%
Copper • 168 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.03	-0.36	-0.49%
Natural Gas • 11 mins	3.425	+0.051	+1.51%
Heating Oil • 14 mins	2.245	-0.010	-0.43%

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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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