Commodity Prices

Gold •243 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	963.00	-8.90	-0.92%
WTI Crude •10 mins	67.63	-0.74	-1.08%
Gasoline •10 mins	2.179	-0.009	-0.42%
Ethanol •243 days	2.161	+0.000	+0.00%
Silver •243 days	30.82	+1.16	+3.92%

Silver • 243 days	30.82	+1.16	+3.92%
Copper • 243 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.68	-0.94	-1.31%
Natural Gas • 10 mins	4.069	-0.053	-1.29%
Heating Oil • 10 mins	2.265	+0.005	+0.22%

Headlines

628 days Will The ECB Continue To Hike Rates?
628 days Forbes: Aramco Remains Largest Company In The Middle East
630 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,030 days Could Crypto Overtake Traditional Investment?
1,034 days Americans Still Quitting Jobs At Record Pace
1,036 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,039 days Is The Dollar Too Strong?
1,040 days Big Tech Disappoints Investors on Earnings Calls
1,041 days Fear And Celebration On Twitter as Musk Takes The Reins
1,042 days China Is Quietly Trying To Distance Itself From Russia
1,043 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,047 days Crypto Investors Won Big In 2021
1,047 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,048 days Food Prices Are Skyrocketing As Putin’s War Persists
1,050 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,050 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,054 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,054 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,055 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,057 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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