Commodity Prices

Gold •338 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •6 hours	64.58	+1.21	+1.91%
Gasoline •6 hours	2.077	+0.014	+0.67%
Ethanol •338 days	2.161	+0.000	+0.00%
Silver •338 days	30.82	+1.16	+3.92%

Silver • 338 days	30.82	+1.16	+3.92%
Copper • 338 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	66.47	+1.13	+1.73%
Natural Gas • 6 hours	3.784	+0.107	+2.91%
Heating Oil • 6 hours	2.125	+0.031	+1.47%

Headlines

722 days Will The ECB Continue To Hike Rates?
723 days Forbes: Aramco Remains Largest Company In The Middle East
725 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,124 days Could Crypto Overtake Traditional Investment?
1,129 days Americans Still Quitting Jobs At Record Pace
1,131 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,134 days Is The Dollar Too Strong?
1,134 days Big Tech Disappoints Investors on Earnings Calls
1,135 days Fear And Celebration On Twitter as Musk Takes The Reins
1,137 days China Is Quietly Trying To Distance Itself From Russia
1,137 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,141 days Crypto Investors Won Big In 2021
1,141 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,142 days Food Prices Are Skyrocketing As Putin’s War Persists
1,144 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,145 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,148 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,149 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,149 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,151 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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