Commodity Prices

Gold •380 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,456.60	-15.50	-1.05%
WTI Crude •2 hours	67.34	-0.20	-0.30%
Gasoline •2 hours	2.153	-0.017	-0.78%
Ethanol •380 days	2.161	+0.000	+0.00%
Silver •380 days	30.82	+1.16	+3.92%

Silver • 380 days	30.82	+1.16	+3.92%
Copper • 380 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	69.28	-0.24	-0.35%
Natural Gas • 2 hours	3.565	+0.023	+0.65%
Heating Oil • 2 hours	2.453	-0.012	-0.47%

Headlines

764 days Will The ECB Continue To Hike Rates?
765 days Forbes: Aramco Remains Largest Company In The Middle East
766 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,166 days Could Crypto Overtake Traditional Investment?
1,171 days Americans Still Quitting Jobs At Record Pace
1,173 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,176 days Is The Dollar Too Strong?
1,176 days Big Tech Disappoints Investors on Earnings Calls
1,177 days Fear And Celebration On Twitter as Musk Takes The Reins
1,179 days China Is Quietly Trying To Distance Itself From Russia
1,179 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,183 days Crypto Investors Won Big In 2021
1,183 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,184 days Food Prices Are Skyrocketing As Putin’s War Persists
1,186 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,187 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,190 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,191 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,191 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,193 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

GBP/JPY - Challenging a Resistance Area

By - Oct 20, 2014, 6:13 AM CDT

GBP/JPY has bounced sharply near the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low). Monitor the test of the resistance at 173.32 (see also the 38.2% retracement). Hourly supports can be found at 171.25 (intraday low) and 170.21. Another resistance lies at 175.01.

In the long-term, the trend is positive as long as the strong support area between 169.51 (11/04/2014 low) and 167.78 (18/03/2014 low) holds. However, the sharp reversal near the psychological threshold at 180.00 and the fading 200-day moving average indicate a weakening trend.

Daily Technical Report