Commodity Prices

Gold •803 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,780.10	+0.30	+0.02%
WTI Crude •11 mins	102.95	+1.56	+1.54%
Gasoline •17 mins	3.373	+0.056	+1.69%
Ethanol •803 days	2.161	+0.000	+0.00%
Silver •803 days	30.82	+1.16	+3.92%

Silver • 803 days	30.82	+1.16	+3.92%
Copper • 803 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.08	+1.40	+1.32%
Natural Gas • 12 mins	2.882	-0.014	-0.48%
Heating Oil • 13 mins	5.030	+0.068	+1.37%

Headlines

1,188 days Will The ECB Continue To Hike Rates?
1,188 days Forbes: Aramco Remains Largest Company In The Middle East
1,190 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,589 days Could Crypto Overtake Traditional Investment?
1,594 days Americans Still Quitting Jobs At Record Pace
1,596 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,599 days Is The Dollar Too Strong?
1,600 days Big Tech Disappoints Investors on Earnings Calls
1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
1,602 days China Is Quietly Trying To Distance Itself From Russia
1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,606 days Crypto Investors Won Big In 2021
1,607 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,607 days Food Prices Are Skyrocketing As Putin’s War Persists
1,610 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,610 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,613 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,614 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,614 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,616 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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