Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •16 hours	62.49	+0.87	+1.41%
Gasoline •16 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	65.41	+0.88	+1.36%
Natural Gas • 16 hours	3.334	-0.028	-0.83%
Heating Oil • 16 hours	2.141	-0.025	-1.17%

Headlines

702 days Will The ECB Continue To Hike Rates?
702 days Forbes: Aramco Remains Largest Company In The Middle East
704 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,104 days Could Crypto Overtake Traditional Investment?
1,109 days Americans Still Quitting Jobs At Record Pace
1,111 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,114 days Is The Dollar Too Strong?
1,114 days Big Tech Disappoints Investors on Earnings Calls
1,115 days Fear And Celebration On Twitter as Musk Takes The Reins
1,117 days China Is Quietly Trying To Distance Itself From Russia
1,117 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,121 days Crypto Investors Won Big In 2021
1,121 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,122 days Food Prices Are Skyrocketing As Putin’s War Persists
1,124 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,125 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,128 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,129 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,129 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,131 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: A Decline Towards The Support at 100.76 is Likely

By - Jun 27, 2014, 5:49 AM CDT

USD/JPY has broken the support implied by the 200 day moving average (around 101.61), confirming persistent selling pressures. A further decline towards the strong support at 100.76 is likely. Hourly resistances now stand at 101.74 (intraday high) and 101.89 (26/06/2014 high).

A long-term bullish bias is favoured as long as the key support 99.57 (19/11/2013 low) holds. A break of the key resistance at 103.02 is needed to suggest the end of the current consolidation phase. A strong support stands at 100.76 (04/02/2014 low). A major resistance stands at 110.66 (15/08/2008 high).

Daily Technical Report