Commodity Prices

Gold •733 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,641.60	+13.50	+0.83%
WTI Crude •11 mins	68.68	-0.01	-0.01%
Gasoline •12 mins	3.005	+0.088	+3.01%
Ethanol •733 days	2.161	+0.000	+0.00%
Silver •733 days	30.82	+1.16	+3.92%

Silver • 733 days	30.82	+1.16	+3.92%
Copper • 733 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	72.09	-0.03	-0.04%
Natural Gas • 11 mins	3.246	+0.050	+1.56%
Heating Oil • 12 mins	3.303	+0.121	+3.79%

Headlines

1,117 days Will The ECB Continue To Hike Rates?
1,118 days Forbes: Aramco Remains Largest Company In The Middle East
1,119 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,519 days Could Crypto Overtake Traditional Investment?
1,524 days Americans Still Quitting Jobs At Record Pace
1,526 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,529 days Is The Dollar Too Strong?
1,529 days Big Tech Disappoints Investors on Earnings Calls
1,530 days Fear And Celebration On Twitter as Musk Takes The Reins
1,532 days China Is Quietly Trying To Distance Itself From Russia
1,532 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,536 days Crypto Investors Won Big In 2021
1,536 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,537 days Food Prices Are Skyrocketing As Putin’s War Persists
1,539 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,540 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,543 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,544 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,544 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,546 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - Former Resistance Becomes New Support

By - Feb 23, 2017, 7:25 AM CST

USD/JPY's demand is fading after its increase from support given at 111.36 (28/11/2016 low). Bearish pressures arise around hourly resistance given at 115.62 (19/01/2016 high). The technical structure suggests further weakness around former resistance given at 112.57 (17/01/2017 low).

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