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Gold •10 mins	1,467.70	-0.80	-0.05%
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WTI Crude •11 mins	57.77	+0.05	+0.09%
Gasoline •10 mins	1.633	+0.002	+0.12%
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Silver • 10 mins	16.92	-0.03	-0.17%
Copper • 10 mins	2.639	+0.001	+0.02%
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USD/JPY - Bearish Pressures

By - Jan 05, 2017, 6:54 AM CST

USD/JPY has weakened and is moving away from hourly resistance given at 118.66 (15/12/2016 high). Hourly support at 116.05 (30/12/2016 low) has been broken. Stronger support lies at 114.74 (12/12/2016 low). Expected to see further downside moves.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

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