Commodity Prices

Gold •10 mins	1,499.50	-7.90	-0.52%
Platinum •10 mins	952.20	-0.40	-0.04%
WTI Crude •2 days	54.85	-0.24	-0.44%
Gasoline •2 days	1.535	+0.000	+0.03%
Ethanol •2 days	1.356	+0.010	+0.74%
Silver •10 mins	17.57	-0.61	-3.34%

Silver • 10 mins	17.57	-0.61	-3.34%
Copper • 10 mins	2.700	+0.059	+2.23%
Brent Crude • 2 days	60.22	-0.16	-0.26%
Natural Gas • 2 days	2.614	+0.040	+1.55%
Heating Oil • 2 days	1.878	-0.007	-0.39%

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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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