Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	989.90	-5.30	-0.53%
WTI Crude •10 mins	69.96	-1.75	-2.44%
Gasoline •11 mins	2.253	-0.078	-3.35%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.21	-1.74	-2.32%
Natural Gas • 10 mins	4.001	-0.054	-1.33%
Heating Oil • 16 mins	2.252	-0.070	-3.02%

Headlines

658 days Will The ECB Continue To Hike Rates?
658 days Forbes: Aramco Remains Largest Company In The Middle East
660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,059 days Could Crypto Overtake Traditional Investment?
1,064 days Americans Still Quitting Jobs At Record Pace
1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,069 days Is The Dollar Too Strong?
1,070 days Big Tech Disappoints Investors on Earnings Calls
1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
1,072 days China Is Quietly Trying To Distance Itself From Russia
1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,076 days Crypto Investors Won Big In 2021
1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,086 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How Millennials Are Reshaping Real Estate

The real estate market is…

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