Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,621.30	-8.80	-0.54%
WTI Crude •11 mins	71.86	-0.22	-0.31%
Gasoline •12 mins	3.012	-0.027	-0.88%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.07	-0.23	-0.30%
Natural Gas • 11 mins	3.012	-0.200	-6.23%
Heating Oil • 13 mins	3.550	-0.022	-0.61%

Headlines

1,120 days Will The ECB Continue To Hike Rates?
1,121 days Forbes: Aramco Remains Largest Company In The Middle East
1,122 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,522 days Could Crypto Overtake Traditional Investment?
1,527 days Americans Still Quitting Jobs At Record Pace
1,529 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,532 days Is The Dollar Too Strong?
1,532 days Big Tech Disappoints Investors on Earnings Calls
1,533 days Fear And Celebration On Twitter as Musk Takes The Reins
1,535 days China Is Quietly Trying To Distance Itself From Russia
1,535 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,539 days Crypto Investors Won Big In 2021
1,539 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,540 days Food Prices Are Skyrocketing As Putin’s War Persists
1,542 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,543 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,546 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,547 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,547 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,549 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

GBP/JPY - Next Targets 132.50

By - Mar 16, 2012, 6:18 AM CDT

GBP/JPY has breached the 130.11 swing high to confirm the corrective low at 126.55, resuming the uptrend.

While 130.11 holds there is potential for an acceleration higher, with scope for an attack on the 135.11 reaction high (31st May) over coming sessions.

The big picture is bullish following completion of a major base pattern and so corrective weakness should be limited to the 126.55/127.32 region prior to fresh gains.

Failure to sustain gains above 126.55 would warn that the structure from 116.84 was a corrective phase, with risk then for a return to 121.69 initially.

Daily Technical Report