Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	972.90	-7.40	-0.75%
WTI Crude •8 hours	63.02	+0.23	+0.37%
Gasoline •8 hours	2.119	+0.013	+0.63%
Ethanol •296 days	2.161	+0.000	+0.00%
Silver •296 days	30.82	+1.16	+3.92%

Silver • 296 days	30.82	+1.16	+3.92%
Copper • 296 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	66.87	+0.32	+0.48%
Natural Gas • 8 hours	2.937	+0.007	+0.24%
Heating Oil • 8 hours	2.167	+0.024	+1.10%

Headlines

681 days Will The ECB Continue To Hike Rates?
681 days Forbes: Aramco Remains Largest Company In The Middle East
683 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,083 days Could Crypto Overtake Traditional Investment?
1,087 days Americans Still Quitting Jobs At Record Pace
1,089 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,092 days Is The Dollar Too Strong?
1,093 days Big Tech Disappoints Investors on Earnings Calls
1,094 days Fear And Celebration On Twitter as Musk Takes The Reins
1,095 days China Is Quietly Trying To Distance Itself From Russia
1,096 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,099 days Crypto Investors Won Big In 2021
1,100 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,101 days Food Prices Are Skyrocketing As Putin’s War Persists
1,103 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,103 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,106 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,107 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,107 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,109 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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