Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,394.40	-5.80	-0.41%
WTI Crude •13 mins	63.47	-0.10	-0.16%
Gasoline •13 mins	2.010	-0.001	-0.05%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.37	-0.07	-0.10%
Natural Gas • 12 mins	2.938	-0.001	-0.03%
Heating Oil • 22 mins	2.338	-0.002	-0.10%

Headlines

826 days Will The ECB Continue To Hike Rates?
827 days Forbes: Aramco Remains Largest Company In The Middle East
829 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,228 days Could Crypto Overtake Traditional Investment?
1,233 days Americans Still Quitting Jobs At Record Pace
1,235 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,238 days Is The Dollar Too Strong?
1,238 days Big Tech Disappoints Investors on Earnings Calls
1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
1,241 days China Is Quietly Trying To Distance Itself From Russia
1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,245 days Crypto Investors Won Big In 2021
1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,249 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,255 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - 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