Commodity Prices

Gold •661 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,030.40	-8.00	-0.39%
WTI Crude •1 day	94.40	-1.45	-1.51%
Gasoline •1 day	3.463	+0.001	+0.01%
Ethanol •661 days	2.161	+0.000	+0.00%
Silver •661 days	30.82	+1.16	+3.92%

Silver • 661 days	30.82	+1.16	+3.92%
Copper • 661 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	105.33	+0.26	+0.25%
Natural Gas • 1 day	2.523	-0.091	-3.48%
Heating Oil • 1 day	3.887	-0.101	-2.53%

Headlines

1,046 days Will The ECB Continue To Hike Rates?
1,046 days Forbes: Aramco Remains Largest Company In The Middle East
1,048 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,447 days Could Crypto Overtake Traditional Investment?
1,452 days Americans Still Quitting Jobs At Record Pace
1,454 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,457 days Is The Dollar Too Strong?
1,458 days Big Tech Disappoints Investors on Earnings Calls
1,458 days Fear And Celebration On Twitter as Musk Takes The Reins
1,460 days China Is Quietly Trying To Distance Itself From Russia
1,460 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,464 days Crypto Investors Won Big In 2021
1,465 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,465 days Food Prices Are Skyrocketing As Putin’s War Persists
1,468 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,468 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,471 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,472 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,472 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,474 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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