Commodity Prices

Gold •487 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,586.60	+11.20	+0.71%
WTI Crude •11 mins	61.20	+0.22	+0.36%
Gasoline •11 mins	1.905	+0.004	+0.23%
Ethanol •487 days	2.161	+0.000	+0.00%
Silver •487 days	30.82	+1.16	+3.92%

Silver • 487 days	30.82	+1.16	+3.92%
Copper • 487 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.00	+0.23	+0.36%
Natural Gas • 11 mins	4.098	-0.026	-0.63%
Heating Oil • 16 mins	2.414	+0.016	+0.65%

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USD/JPY - Approaching The 120 Threshold

By - Nov 20, 2014, 5:42 AM CST

USD/JPY continues to rise. Hourly supports can be found at 117.41 (intraday low) and 116.34 (18/11/2014 low).

A long-term bullish bias is favoured as long as the key support 105.23 (15/10/2014 high) holds. The break of the major resistance at 110.66 (15/08/2008 high) opens the way for a further rise towards 120.00 (psychological threshold, see also the 61.8% retracement of the 1998-2011 decline). A major resistance stands at 124.14 (22/06/2007 high).

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