Commodity Prices

Gold •537 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,238.00	+148.60	+7.11%
WTI Crude •11 mins	58.14	+0.13	+0.22%
Gasoline •16 mins	1.745	+0.002	+0.13%
Ethanol •537 days	2.161	+0.000	+0.00%
Silver •537 days	30.82	+1.16	+3.92%

Silver • 537 days	30.82	+1.16	+3.92%
Copper • 537 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.20	+0.13	+0.21%
Natural Gas • 11 mins	4.141	+0.176	+4.44%
Heating Oil • 11 mins	2.177	+0.019	+0.86%

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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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