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Gold •15 mins	1,303.00	-3.50	-0.27%
Platinum •15 mins	861.40	+8.80	+1.03%
Bitcoin •1 min	3,989.91	+8.75	+0.22%
WTI Crude •11 mins	58.65	-0.64	-1.08%
Gasoline •11 mins	1.865	-0.009	-0.50%
Silver •15 mins	15.30	-0.07	-0.47%

Silver • 15 mins	15.30	-0.07	-0.47%
Copper • 15 mins	2.925	+0.002	+0.05%
Ethereum • 1 min	137.93	-0.52	-0.38%
Brent Crude • 11 mins	67.07	-0.35	-0.52%
Natural Gas • 11 mins	2.859	-0.013	-0.45%

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USD/JPY - Targeting Long-Term Support

By - May 03, 2016, 5:19 AM CDT

USD/JPY keeps on declining. Hourly support at 106.15 (02/05/2016 low) has been broken. Hourly resistance can be found at 107.42 (29/04/2016 high), stronger resistance can be found at 111.88 (28/04/2016 high). Expected to show continued weakness.

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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