Commodity Prices

Gold •10 mins	1,319.70	+18.00	+1.38%
Platinum •10 mins	871.70	+12.10	+1.41%
Bitcoin •1 min	4,044.65	+58.63	+1.47%
WTI Crude •11 mins	60.13	-0.10	-0.17%
Gasoline •14 mins	1.894	-0.004	-0.20%
Silver •10 mins	15.64	+0.32	+2.10%

Silver • 10 mins	15.64	+0.32	+2.10%
Copper • 10 mins	2.962	+0.041	+1.40%
Ethereum • 1 min	139.33	+1.48	+1.07%
Brent Crude • 11 mins	68.31	+0.04	+0.06%
Natural Gas • 11 mins	2.835	+0.010	+0.35%

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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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