Commodity Prices

Gold •310 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.60	+22.10	+2.26%
WTI Crude •3 hours	61.02	+1.11	+1.85%
Gasoline •3 hours	2.108	+0.023	+1.10%
Ethanol •310 days	2.161	+0.000	+0.00%
Silver •310 days	30.82	+1.16	+3.92%

Silver • 310 days	30.82	+1.16	+3.92%
Copper • 310 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	63.91	+1.07	+1.70%
Natural Gas • 3 hours	3.795	+0.203	+5.65%
Heating Oil • 3 hours	2.066	+0.026	+1.29%

Headlines

694 days Will The ECB Continue To Hike Rates?
695 days Forbes: Aramco Remains Largest Company In The Middle East
696 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,096 days Could Crypto Overtake Traditional Investment?
1,101 days Americans Still Quitting Jobs At Record Pace
1,103 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,106 days Is The Dollar Too Strong?
1,106 days Big Tech Disappoints Investors on Earnings Calls
1,107 days Fear And Celebration On Twitter as Musk Takes The Reins
1,109 days China Is Quietly Trying To Distance Itself From Russia
1,109 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,113 days Crypto Investors Won Big In 2021
1,113 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,114 days Food Prices Are Skyrocketing As Putin’s War Persists
1,116 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,117 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,120 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,121 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,121 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,123 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: 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 - Approaching The 120 Threshold

By - Dec 03, 2014, 4:58 AM CST

USD/JPY has broken to the upside out of its recent consolidation and is now close to the psychological resistance at 120.00. Hourly supports are given by the rising channel (around 118.30) and 117.87 (01/12/2014 low).

A long-term bullish bias is favoured as long as the key support 110.09 (01/10/2014 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).

Daily Technical Report