Commodity Prices

Gold •484 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,622.50	+8.20	+0.51%
WTI Crude •11 mins	60.09	-0.48	-0.79%
Gasoline •5 hours	1.977	-0.026	-1.31%
Ethanol •484 days	2.161	+0.000	+0.00%
Silver •484 days	30.82	+1.16	+3.92%

Silver • 484 days	30.82	+1.16	+3.92%
Copper • 484 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	64.52	-0.48	-0.74%
Natural Gas • 11 mins	4.094	+0.138	+3.49%
Heating Oil • 1 hour	2.417	-0.044	-1.77%

Headlines

869 days Will The ECB Continue To Hike Rates?
869 days Forbes: Aramco Remains Largest Company In The Middle East
871 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,271 days Could Crypto Overtake Traditional Investment?
1,275 days Americans Still Quitting Jobs At Record Pace
1,277 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,280 days Is The Dollar Too Strong?
1,281 days Big Tech Disappoints Investors on Earnings Calls
1,282 days Fear And Celebration On Twitter as Musk Takes The Reins
1,283 days China Is Quietly Trying To Distance Itself From Russia
1,284 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,288 days Crypto Investors Won Big In 2021
1,288 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,289 days Food Prices Are Skyrocketing As Putin’s War Persists
1,291 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,291 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,295 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,295 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,296 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,298 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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