Commodity Prices

Gold •706 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,671.50	-40.10	-2.34%
WTI Crude •11 mins	89.74	+1.54	+1.75%
Gasoline •11 mins	3.048	+0.027	+0.88%
Ethanol •706 days	2.161	+0.000	+0.00%
Silver •706 days	30.82	+1.16	+3.92%

Silver • 706 days	30.82	+1.16	+3.92%
Copper • 706 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.83	+1.38	+1.51%
Natural Gas • 11 mins	3.233	+0.093	+2.96%
Heating Oil • 11 mins	3.587	+0.045	+1.27%

Headlines

1,091 days Will The ECB Continue To Hike Rates?
1,091 days Forbes: Aramco Remains Largest Company In The Middle East
1,093 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,493 days Could Crypto Overtake Traditional Investment?
1,498 days Americans Still Quitting Jobs At Record Pace
1,500 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,503 days Is The Dollar Too Strong?
1,503 days Big Tech Disappoints Investors on Earnings Calls
1,504 days Fear And Celebration On Twitter as Musk Takes The Reins
1,506 days China Is Quietly Trying To Distance Itself From Russia
1,506 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,510 days Crypto Investors Won Big In 2021
1,510 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,511 days Food Prices Are Skyrocketing As Putin’s War Persists
1,513 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,514 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,517 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,518 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,518 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,520 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Making New Highs

By - Feb 01, 2013, 5:35 AM CST

USD/JPY is making higher highs confirming the strong underlying uptrend. A move towards the resistance at 92.89 (04/06/2010 high) is favoured. Another resistance can be found at 94.99 (04/05/2010 high). An hourly support is at 91.62 (intraday low). Another support can be found at 90.75 (31/01/2013 low).

We have raised the stop-loss of our long strategy given the recent rise.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). The first long-term objective is the key resistance at 94.99 (04/05/2010 high). Another key resistance can be found at 101.45 (06/04/2009 high).

Daily Technical Report