Commodity Prices

Gold •235 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	992.60	+4.90	+0.50%
WTI Crude •10 mins	70.24	-0.16	-0.23%
Gasoline •10 mins	2.032	+0.005	+0.25%
Ethanol •235 days	2.161	+0.000	+0.00%
Silver •235 days	30.82	+1.16	+3.92%

Silver • 235 days	30.82	+1.16	+3.92%
Copper • 235 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.35	-0.08	-0.11%
Natural Gas • 10 mins	4.030	-0.204	-4.82%
Heating Oil • 10 mins	2.424	-0.008	-0.33%

Headlines

620 days Will The ECB Continue To Hike Rates?
620 days Forbes: Aramco Remains Largest Company In The Middle East
622 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,022 days Could Crypto Overtake Traditional Investment?
1,026 days Americans Still Quitting Jobs At Record Pace
1,028 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,031 days Is The Dollar Too Strong?
1,032 days Big Tech Disappoints Investors on Earnings Calls
1,033 days Fear And Celebration On Twitter as Musk Takes The Reins
1,034 days China Is Quietly Trying To Distance Itself From Russia
1,035 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,039 days Crypto Investors Won Big In 2021
1,039 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,040 days Food Prices Are Skyrocketing As Putin’s War Persists
1,042 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,042 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,046 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,046 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,046 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,049 days Are NFTs About To Take Over Gaming?

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

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: Challenging The Recent Highs

By - Dec 19, 2012, 5:31 AM CST

USD/JPY rose yesterday. It is now challenging its recent highs at 84.48 (17/12/2012 high). Hourly supports can be found at 83.61 (l17/12/2012 low) and 83.25 (intraday low).

The general overbought conditions and the strong resistance at 84.18 suggest an upcoming short-term phase of weakness.

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