Commodity Prices

Gold •10 mins	1,511.80	+5.60	+0.37%
Platinum •10 mins	948.20	+5.80	+0.62%
WTI Crude •11 mins	58.59	+0.40	+0.69%
Gasoline •11 mins	1.668	+0.005	+0.29%
Ethanol •11 hours	1.374	-0.012	-0.87%
Silver •10 mins	17.98	+0.09	+0.51%

Silver • 10 mins	17.98	+0.09	+0.51%
Copper • 10 mins	2.616	+0.007	+0.27%
Brent Crude • 11 mins	63.70	+0.37	+0.58%
Natural Gas • 11 mins	2.586	+0.017	+0.66%
Heating Oil • 11 mins	2.005	+0.006	+0.29%

Headlines

11 hours S&P 500 Officially In An Earnings Recession
15 hours Miners Are Weathering The Trade War Storm
18 hours UK Credit Card Interest Rates Are Skyrocketing
1 day From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
2 days Are Smart TVs Spying On Us?
2 days Is Fossil Fuel Divestment A Waste Of Time?
2 days A Russian Billionaire’s Space Quest To Save Humanity
3 days Markets Take Breather As Consolidation Continues
3 days Economic Woes Weigh On Copper Prices
3 days World's Largest IPO At Risk Following Drone Strikes
3 days Gold Is Beating Buffett’s Berkshire Hathaway
4 days What’s Behind The Silver Sell-Off?
4 days The Retail Apocalypse Is Accelerating
4 days The Top Tech Stocks Of The Year
4 days America’s Workforce Elderly Workforce To Double By 2028
5 days Toyota Tests Solar-Powered Prius
5 days Why The Gold Rally Flatlined
6 days The Uranium Sector Can’t Catch A Break
6 days Upcoming Fed Meeting Has Investors On Edge
7 days Global Gold Sector Outlines Responsible Mining Principles

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - Bearish Pressures

By - Jan 05, 2017, 6:54 AM CST

USD/JPY has weakened and is moving away from hourly resistance given at 118.66 (15/12/2016 high). Hourly support at 116.05 (30/12/2016 low) has been broken. Stronger support lies at 114.74 (12/12/2016 low). Expected to see further downside 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