Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,697.20	-3.60	-0.21%
WTI Crude •11 mins	62.69	+0.14	+0.22%
Gasoline •11 mins	1.915	+0.005	+0.26%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.40	+0.15	+0.23%
Natural Gas • 11 mins	3.319	-0.014	-0.42%
Heating Oil • 11 mins	2.305	+0.014	+0.60%

Headlines

847 days Will The ECB Continue To Hike Rates?
847 days Forbes: Aramco Remains Largest Company In The Middle East
849 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,249 days Could Crypto Overtake Traditional Investment?
1,253 days Americans Still Quitting Jobs At Record Pace
1,255 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,259 days Is The Dollar Too Strong?
1,259 days Big Tech Disappoints Investors on Earnings Calls
1,260 days Fear And Celebration On Twitter as Musk Takes The Reins
1,261 days China Is Quietly Trying To Distance Itself From Russia
1,262 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,266 days Crypto Investors Won Big In 2021
1,266 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,267 days Food Prices Are Skyrocketing As Putin’s War Persists
1,269 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,269 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,273 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,274 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,274 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,276 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - 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