Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,695.80	+30.10	+1.81%
WTI Crude •11 mins	85.56	-2.15	-2.45%
Gasoline •11 mins	3.051	-0.050	-1.62%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.30	-2.08	-2.30%
Natural Gas • 11 mins	3.128	+0.041	+1.33%
Heating Oil • 11 mins	3.424	-0.090	-2.55%

Headlines

1,093 days Will The ECB Continue To Hike Rates?
1,093 days Forbes: Aramco Remains Largest Company In The Middle East
1,095 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,495 days Could Crypto Overtake Traditional Investment?
1,500 days Americans Still Quitting Jobs At Record Pace
1,502 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,505 days Is The Dollar Too Strong?
1,505 days Big Tech Disappoints Investors on Earnings Calls
1,506 days Fear And Celebration On Twitter as Musk Takes The Reins
1,508 days China Is Quietly Trying To Distance Itself From Russia
1,508 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,512 days Crypto Investors Won Big In 2021
1,512 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,513 days Food Prices Are Skyrocketing As Putin’s War Persists
1,515 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,516 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,519 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,520 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,520 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,522 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Long-Term Declining Channel Has Been Broken

By - Nov 19, 2012, 5:09 AM CST

USD/JPY has broken its resistance at 80.62 and its long-term declining channel. The next resistance is at 81.78. Hourly supports can be found at 80.90 (16/11/2012 low) and 80.76 (intraday low).

USD/JPY is likely in a long-term bottoming process. The break of the key resistance at 80.62 (25/06/2012 high) opens the way for further medium-term strength. A strong long-term resistance is at 85.53 (06/04/2011 high).

Daily Technical Report