Commodity Prices

Gold •15 mins	1,184.20	+0.20	+0.02%
Platinum •15 mins	777.30	-7.20	-0.92%
Bitcoin •1 min	6,435.05	+80.56	+1.27%
WTI Crude •2 days	65.21	+0.33	+0.51%
Gasoline •2 days	1.884	-0.001	-0.06%
Silver •15 mins	14.63	-0.08	-0.56%

Silver • 15 mins	14.63	-0.08	-0.56%
Copper • 15 mins	2.629	+0.013	+0.48%
Ethereum • 1 min	303.89	-0.56	-0.18%
Brent Crude • 2 days	71.83	+0.40	+0.56%
Natural Gas • 2 days	2.949	+0.036	+1.24%

Headlines

15 hours Turks Flock To Safe Haven Assets As Lira Plummets
2 days Did North Korean Hackers Just Steal $13M From Global ATMs?
2 days Asian Tech Stocks Rebound After A Tough Week
2 days Switzerland Bans New Audi, Mercedes, Porsche Imports
2 days Sealing Off The North Korea Smuggling Loophole
2 days This Tech Giant Is Pushing For Blockchain Adoption
2 days Venezuela’s Gold Reserves Are Reaching Critical Levels
3 days Brexit Woes Weigh On The British Pound
3 days Forget Turkey, This Is The Biggest Threat To European Finance
3 days There’s No Hiding From Google
3 days Turkish Lira Bounces Back After Qatar Bailout Pledge
3 days What Happens If Tesla Goes Private?
3 days China's Most Powerful Weapon In The Trade War
3 days Can The S&P 500 Shake Off Negative Sentiment?
4 days Standards Go Out The Window As Employers Struggle To Fill Jobs
4 days The Two Trillion Dollar Markets Amazon Hasn’t Conquered
4 days Digital Supermodels Outperform Humans
4 days France Could Lose Billions In EU Trade Route Redirection
4 days Beer Giants Are Striking Out With Millennials
4 days What Is Bakkt And Can It Take Bitcoin Mainstream?

Trump Administration Offers Alternative To ‘One Belt, One Road’

The White House has just…

Time To Buy A Lada? Russian Auto Sales Are Booming

Russia’s flagship carmaker was once…

Treasury Mulling Unilateral $100B Capital Gains Tax Cut

Rumors of a new tax…

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: Surging Higher

By - Apr 04, 2013, 5:09 AM CDT

USD/JPY has moved above its declining channel. The next resistances are given by 96.13 (20/03/2013 high) and 96.71 (12/03/2013 high). Hourly supports can be found at 94.91 (previous resistance) and 94.38 (previous resistance).

Even though the BoJ has not disappointed market expectations, the medium-term upside potential should be capped by the extreme short positioning in JPY.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). A move towards the key resistance at 101.45 (06/04/2009 high) is expected.

Daily Technical Report