Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,639.10	-17.30	-1.04%
WTI Crude •11 mins	61.42	-0.09	-0.15%
Gasoline •13 mins	1.877	-0.006	-0.31%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.09	-0.13	-0.20%
Natural Gas • 11 mins	3.241	-0.028	-0.86%
Heating Oil • 11 mins	2.275	-0.006	-0.25%

Headlines

848 days Will The ECB Continue To Hike Rates?
848 days Forbes: Aramco Remains Largest Company In The Middle East
850 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,249 days Could Crypto Overtake Traditional Investment?
1,254 days Americans Still Quitting Jobs At Record Pace
1,256 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,259 days Is The Dollar Too Strong?
1,260 days Big Tech Disappoints Investors on Earnings Calls
1,260 days Fear And Celebration On Twitter as Musk Takes The Reins
1,262 days China Is Quietly Trying To Distance Itself From Russia
1,262 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,266 days Crypto Investors Won Big In 2021
1,267 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,267 days Food Prices Are Skyrocketing As Putin’s War Persists
1,270 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,270 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,273 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,274 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,274 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,276 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: The Short Term Decline Has Been Broken

By - Oct 30, 2013, 5:21 AM CDT

USD/JPY has broken the resistance at 97.79 (see also the declining channel), invalidating the short-term bearish trend. A move towards the resistance at 99.01 is favoured. A first resistance stands at 98.48. An initial support lies at 98.11 (intraday low). Another support can be found at 97.79 (previous resistance).

In the longer term, the technical configuration since the 22 May peak at 103.74 looks like a pause within an underlying uptrend. Therefore, we expect an eventual continuation of the longer term bullish trend. A significant support stands at 95.81. A key resistance stands at 101.53.

Daily Technical Report