Commodity Prices

Gold •309 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	986.70	+7.20	+0.74%
WTI Crude •10 mins	60.89	+0.98	+1.64%
Gasoline •10 mins	2.107	+0.021	+1.03%
Ethanol •309 days	2.161	+0.000	+0.00%
Silver •309 days	30.82	+1.16	+3.92%

Silver • 309 days	30.82	+1.16	+3.92%
Copper • 309 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.81	+0.97	+1.54%
Natural Gas • 12 mins	3.644	+0.052	+1.45%
Heating Oil • 10 mins	2.067	+0.027	+1.31%

Headlines

694 days Will The ECB Continue To Hike Rates?
694 days Forbes: Aramco Remains Largest Company In The Middle East
696 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,096 days Could Crypto Overtake Traditional Investment?
1,101 days Americans Still Quitting Jobs At Record Pace
1,102 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,106 days Is The Dollar Too Strong?
1,106 days Big Tech Disappoints Investors on Earnings Calls
1,107 days Fear And Celebration On Twitter as Musk Takes The Reins
1,108 days China Is Quietly Trying To Distance Itself From Russia
1,109 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,113 days Crypto Investors Won Big In 2021
1,113 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,114 days Food Prices Are Skyrocketing As Putin’s War Persists
1,116 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,116 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,120 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,121 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,121 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,123 days Are NFTs About To Take Over Gaming?

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Old Resistance Becomes New Support

By - Nov 21, 2016, 6:55 AM CST

USD/JPY's buying pressures are important. The pair is making new highs day after day. Hourly support is given around 109.80 (16/11/2016 low). Stronger hourly support lies at 108.56 (17/11/2016 low). Expected to see further upside moves.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Daily Technical Report