Commodity Prices

Gold •363 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,367.50	+8.80	+0.65%
WTI Crude •10 mins	65.43	-0.02	-0.03%
Gasoline •10 mins	2.094	-0.007	-0.32%
Ethanol •363 days	2.161	+0.000	+0.00%
Silver •363 days	30.82	+1.16	+3.92%

Silver • 363 days	30.82	+1.16	+3.92%
Copper • 363 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.14	+0.03	+0.04%
Natural Gas • 11 mins	3.418	+0.003	+0.09%
Heating Oil • 14 mins	2.328	+0.001	+0.05%

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USD/JPY - Pushing Sharply Higher

By - Jul 13, 2015, 5:02 AM CDT

USD/JPY is increasing but remains in a declining trend. Hourly support is now given at 120.41 (08/07/2015 low). Hourly resistance can be found at 124.45 (17/06/2015 high). Stronger resistance still lies at 135.15 (14-year high). The technical structure still suggests a downside momentum as the pair is setting lower highs.

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).

Daily Technical Report