Commodity Prices

Gold •575 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,466.80	-151.50	-5.79%
WTI Crude •11 mins	64.21	-1.21	-1.85%
Gasoline •2 hours	1.895	-0.025	-1.30%
Ethanol •575 days	2.161	+0.000	+0.00%
Silver •575 days	30.82	+1.16	+3.92%

Silver • 575 days	30.82	+1.16	+3.92%
Copper • 575 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	69.70	-1.01	-1.43%
Natural Gas • 11 mins	3.826	-0.092	-2.35%
Heating Oil • 1 hour	2.586	+0.001	+0.02%

Headlines

960 days Will The ECB Continue To Hike Rates?
960 days Forbes: Aramco Remains Largest Company In The Middle East
962 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,361 days Could Crypto Overtake Traditional Investment?
1,366 days Americans Still Quitting Jobs At Record Pace
1,368 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,371 days Is The Dollar Too Strong?
1,372 days Big Tech Disappoints Investors on Earnings Calls
1,372 days Fear And Celebration On Twitter as Musk Takes The Reins
1,374 days China Is Quietly Trying To Distance Itself From Russia
1,374 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,378 days Crypto Investors Won Big In 2021
1,379 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,379 days Food Prices Are Skyrocketing As Putin’s War Persists
1,382 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,382 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,385 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,386 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,386 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,388 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Bearish Breakout of The Support at 101.63

By - Feb 04, 2014, 5:54 AM CST

USD/JPY has broken its key support at 101.63 and has validated a symmetrical triangle with a downside risk at 100.30. Supports are given by the 200 day moving average (around 100.09) and 99.57. Hourly resistances stand at 101.67 (intraday low) and 102.41.

The corrective phase is approaching a key support area given by the 200 day moving average (around 100.09) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)). As long as these levels hold, a long term bullish bias is favoured. A major resistance stands at 110.66 (15/08/2008 high).

Daily Technical Report