Commodity Prices

Gold •10 mins	1,423.10	-0.20	-0.01%
Platinum •10 mins	853.50	+6.40	+0.76%
Bitcoin •1 min	9,725.23	+201.76	+2.12%
WTI Crude •11 mins	56.58	-0.20	-0.35%
Gasoline •11 mins	1.830	-0.002	-0.12%
Silver •10 mins	16.14	+0.17	+1.06%

Silver • 10 mins	16.14	+0.17	+1.06%
Copper • 10 mins	2.707	-0.010	-0.35%
Ethereum • 1 min	213.51	+9.82	+4.82%
Brent Crude • 11 mins	63.51	-0.15	-0.24%
Natural Gas • 17 mins	2.284	+0.006	+0.26%

Headlines

10 hours Contrarian Investors Are Beating The Stock Market
13 hours Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
16 hours Amazon Faces European Union Anti-Trust Probe
18 hours Commodities Are Having A Stellar Year
1 day Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
2 days 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
2 days Tesla, Apple Claim China Is Stealing Intellectual Property
2 days EV Giants Duke It Out For Battery Dominance
2 days Tech Billionaire Takes Aim At Google
3 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
3 days Expect A Pullback Before Gold's Next Major Rally
3 days Why Interest On Gold Matters
3 days Ten Extravagant Food Items For The Wealthy Only
4 days Why Saudi Arabia Won't Give Up On The Aramco IPO
4 days $32 Million Crypto Heist Halts Tokyo Exchange
5 days Is A Gold Selloff Looming?
5 days Central Banks Are Stashing Gold And Dumping Treasuries
6 days Three Cannabis Trends Flying Under Investors’ Radars
6 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
7 days Amazon Teams Up With Lady Gaga To Win Over Generation Z

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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