Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	965.20	-5.30	-0.55%
WTI Crude •10 mins	70.21	+0.11	+0.16%
Gasoline •12 mins	2.059	-0.000	0.00%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.40	+0.17	+0.23%
Natural Gas • 10 mins	3.388	+0.049	+1.47%
Heating Oil • 12 mins	2.286	+0.011	+0.50%

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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