Commodity Prices

Gold •751 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,604.10	-4.70	-0.29%
WTI Crude •5 hours	89.31	-2.88	-3.12%
Gasoline •5 hours	3.396	-0.101	-2.87%
Ethanol •751 days	2.161	+0.000	+0.00%
Silver •751 days	30.82	+1.16	+3.92%

Silver • 751 days	30.82	+1.16	+3.92%
Copper • 751 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	96.78	-3.91	-3.88%
Natural Gas • 5 hours	2.871	-0.045	-1.54%
Heating Oil • 5 hours	4.181	-0.161	-3.71%

Headlines

1,135 days Will The ECB Continue To Hike Rates?
1,136 days Forbes: Aramco Remains Largest Company In The Middle East
1,137 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,537 days Could Crypto Overtake Traditional Investment?
1,542 days Americans Still Quitting Jobs At Record Pace
1,544 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,547 days Is The Dollar Too Strong?
1,547 days Big Tech Disappoints Investors on Earnings Calls
1,548 days Fear And Celebration On Twitter as Musk Takes The Reins
1,550 days China Is Quietly Trying To Distance Itself From Russia
1,550 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,554 days Crypto Investors Won Big In 2021
1,554 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,555 days Food Prices Are Skyrocketing As Putin’s War Persists
1,557 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,558 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,561 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,562 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,562 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,564 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/JPY - Fading Short-Term Momentum?

By - Oct 27, 2014, 5:37 AM CDT

USD/JPY seems to fade near its recent high at 108.35. A break of the initial support at 107.79 (24/10/2014 low) would confirm a weakening bullish momentum. An hourly support lies at 107.10. Another resistance can be found at 108.74.

A long-term bullish bias is favoured as long as the key support 100.76 (04/02/2014 low) holds. Despite the recent decline near the major resistance at 110.66 (15/08/2008 high), a gradual move higher is eventually favoured. Another resistance can be found at 114.66 (27/12/2007 high). A key support lies at 105.44 (02/01/2014 high).

Daily Technical Report