Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,601.20	-1.10	-0.07%
WTI Crude •11 mins	85.50	+1.04	+1.23%
Gasoline •27 mins	3.359	-0.038	-1.13%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	92.48	+1.74	+1.92%
Natural Gas • 11 mins	2.722	+0.000	+0.00%
Heating Oil • 22 mins	4.328	-0.042	-0.97%

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USD/JPY - Short-Term Rebound Underway

By - Apr 08, 2016, 5:44 AM CDT

USD/JPY is likely in a short-term rebound following bearish break of key support. The pair has exited its short-term downtrend channel indicating further downside risk. Hourly support can be located at 107.68 (07/04/2016 low). Hourly resistance is given at 109.88 (07/04/2016 high) while strong resistance is given at 113.80 (29/03/2016 high). Expected to further weaken.

We favour a long-term bearish bias. Support at 105.23 (15/10/2014 low) is on target. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems now less likely. Another key support can be found at 105.23 (15/10/2014 low).

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