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Gold •15 mins	1,278.40	-4.20	-0.33%
Platinum •15 mins	800.60	-1.50	-0.19%
Bitcoin •1 min	3,533.29	+12.06	+0.34%
WTI Crude •11 mins	54.24	+0.20	+0.37%
Gasoline •10 mins	1.461	-0.005	-0.32%
Silver •15 mins	15.27	-0.13	-0.87%

Silver • 15 mins	15.27	-0.13	-0.87%
Copper • 15 mins	2.689	-0.031	-1.12%
Ethereum • 1 min	116.85	-1.57	-1.32%
Brent Crude • 10 mins	62.89	+0.19	+0.30%
Natural Gas • 10 mins	3.120	-0.119	-3.67%

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USD/JPY - Bullish Breakout

By - Apr 22, 2016, 5:43 AM CDT

USD/JPY has broken hourly resistance at 109.90 (07/04/2016 high). Hourly support can be found at 107.68 (07/04/2016 low). Yet, the medium-term momentum is clearly bearish. Selling pressures are clearly fading. Expected to show further increase.

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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