Commodity Prices

Gold •620 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,040.80	-1.30	-0.06%
WTI Crude •11 mins	99.94	+1.23	+1.25%
Gasoline •11 mins	3.103	+0.062	+2.03%
Ethanol •620 days	2.161	+0.000	+0.00%
Silver •620 days	30.82	+1.16	+3.92%

Silver • 620 days	30.82	+1.16	+3.92%
Copper • 620 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.38	+2.24	+2.17%
Natural Gas • 11 mins	3.115	-0.016	-0.51%
Heating Oil • 11 mins	4.093	+0.078	+1.94%

Headlines

1,005 days Will The ECB Continue To Hike Rates?
1,005 days Forbes: Aramco Remains Largest Company In The Middle East
1,007 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,407 days Could Crypto Overtake Traditional Investment?
1,411 days Americans Still Quitting Jobs At Record Pace
1,413 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,417 days Is The Dollar Too Strong?
1,417 days Big Tech Disappoints Investors on Earnings Calls
1,418 days Fear And Celebration On Twitter as Musk Takes The Reins
1,419 days China Is Quietly Trying To Distance Itself From Russia
1,420 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,424 days Crypto Investors Won Big In 2021
1,424 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,425 days Food Prices Are Skyrocketing As Putin’s War Persists
1,427 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,427 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,431 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,432 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,432 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,434 days Are NFTs About To Take Over Gaming?

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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