Commodity Prices

Gold •15 mins	1,300.40	-6.10	-0.47%
Platinum •15 mins	857.90	+5.30	+0.62%
Bitcoin •1 min	4,020.81	+25.96	+0.65%
WTI Crude •11 mins	59.98	+0.69	+1.16%
Gasoline •11 mins	1.890	+0.015	+0.82%
Silver •15 mins	15.31	-0.07	-0.44%

Silver • 15 mins	15.31	-0.07	-0.44%
Copper • 15 mins	2.918	-0.006	-0.19%
Ethereum • 1 min	138.19	-0.10	-0.07%
Brent Crude • 11 mins	67.99	+0.57	+0.85%
Natural Gas • 11 mins	2.840	-0.032	-1.11%

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USD/JPY - Former Resistance Becomes New Support

By - Feb 23, 2017, 7:25 AM CST

USD/JPY's demand is fading after its increase from support given at 111.36 (28/11/2016 low). Bearish pressures arise around hourly resistance given at 115.62 (19/01/2016 high). The technical structure suggests further weakness around former resistance given at 112.57 (17/01/2017 low).

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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