Commodity Prices

Gold •518 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,680.40	+17.70	+1.06%
WTI Crude •11 mins	59.18	+0.23	+0.39%
Gasoline •11 mins	1.829	+0.002	+0.11%
Ethanol •518 days	2.161	+0.000	+0.00%
Silver •518 days	30.82	+1.16	+3.92%

Silver • 518 days	30.82	+1.16	+3.92%
Copper • 518 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.88	+0.21	+0.34%
Natural Gas • 11 mins	4.983	-0.012	-0.24%
Heating Oil • 11 mins	2.302	+0.001	+0.06%

Headlines

902 days Will The ECB Continue To Hike Rates?
903 days Forbes: Aramco Remains Largest Company In The Middle East
905 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,304 days Could Crypto Overtake Traditional Investment?
1,309 days Americans Still Quitting Jobs At Record Pace
1,311 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,314 days Is The Dollar Too Strong?
1,314 days Big Tech Disappoints Investors on Earnings Calls
1,315 days Fear And Celebration On Twitter as Musk Takes The Reins
1,317 days China Is Quietly Trying To Distance Itself From Russia
1,317 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,321 days Crypto Investors Won Big In 2021
1,321 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,322 days Food Prices Are Skyrocketing As Putin’s War Persists
1,324 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,325 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,328 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,329 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,329 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,331 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Bullish Reversal is Short-Term Positive

By - Nov 29, 2012, 4:56 AM CST

GBP/JPY is moving sideways since its 22 November high. However, yesterday's bullish reversal favours a move towards the resistance at 132.45 (26/11/2012 high). Supports can be found at 130.46 (28/11/2012 low) and 130.01 (21/11/2012 low).

GBP/JPY has broken its long-term falling trendline that started in April 2010. This breakout calls for further medium-term strength. The next resistances are at 133.49 and 140.03 (08/04/2011 high).

Daily Technical Report