Commodity Prices

Gold •754 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,616.60	-15.60	-0.96%
WTI Crude •10 mins	81.07	-1.54	-1.86%
Gasoline •16 mins	3.316	-0.011	-0.33%
Ethanol •754 days	2.161	+0.000	+0.00%
Silver •754 days	30.82	+1.16	+3.92%

Silver • 754 days	30.82	+1.16	+3.92%
Copper • 754 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	86.26	-2.10	-2.38%
Natural Gas • 12 mins	2.734	-0.033	-1.19%
Heating Oil • 13 mins	4.127	+0.015	+0.37%

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USD/JPY - Sharp Decline

By - Jan 04, 2016, 6:18 AM CST

USD/JPY selling pressure continues. Short-term technical structure suggests a stronger downside momentum. Hourly support at 120.07 (28/10/2015 low) has been broken. Hourly resistance lies at 123.76 (18/11/2015 high). Expected to further decline towards hourly support at 118.07 (15/10/2015 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 116.18 (24/08/2015 low).

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