Commodity Prices

Gold •14 mins	2,347.90	+5.40	+0.23%
Platinum •14 mins	931.10	+10.60	+1.15%
WTI Crude •10 mins	83.88	+0.31	+0.37%
Gasoline •15 mins	2.772	+0.014	+0.51%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.87	+0.24	+0.86%

Silver • 14 mins	27.87	+0.24	+0.86%
Copper • 14 mins	4.588	+0.050	+1.09%
Brent Crude • 11 mins	89.36	+0.35	+0.39%
Natural Gas • 16 mins	1.583	-0.055	-3.36%
Heating Oil • 33 mins	2.562	+0.012	+0.45%

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USD/JPY - Lack of Follow-Through

By - Jul 22, 2015, 5:56 AM CDT

USD/JPY has broken resistance at 124.45 (17/06/2015 high) but has also failed to hold above it. Stronger resistance still lies at 135.15 (14-year high). Hourly support is given by the 38.2% Fibonacci retracement at 122.04. Stronger support is given at 120.41 (08/07/2015 low).

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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