Commodity Prices

Gold •712 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,766.80	-6.00	-0.34%
WTI Crude •11 mins	80.69	-0.06	-0.07%
Gasoline •13 mins	2.953	+0.006	+0.19%
Ethanol •712 days	2.161	+0.000	+0.00%
Silver •712 days	30.82	+1.16	+3.92%

Silver • 712 days	30.82	+1.16	+3.92%
Copper • 712 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	82.95	-0.22	-0.26%
Natural Gas • 12 mins	3.146	-0.001	-0.03%
Heating Oil • 12 mins	3.246	-0.021	-0.63%

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USD/JPY - Moving Sharply Higher

By - Aug 21, 2015, 6:03 AM CDT

USD/JPY is still declining. However we consider that this is not sufficient to enter into a declining momentum. The road is still wide open towards the stronger resistance at 125.86 (05/06/2015 high). Hourly support is given by the 38.2% Fibonacci retracement at 122.04.

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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