Commodity Prices

Gold •15 mins	1,648.80	+28.30	+1.75%
Platinum •15 mins	976.10	-2.90	-0.30%
WTI Crude •1 day	53.38	-0.50	-0.93%
Gasoline •1 day	1.761	-0.023	-1.31%
Ethanol •1 day	1.337	-0.013	-0.96%
Silver •15 mins	18.53	+0.21	+1.15%

Silver • 15 mins	18.53	+0.21	+1.15%
Copper • 15 mins	2.608	+0.020	+0.77%
Brent Crude • 1 day	57.94	-0.86	-1.46%
Natural Gas • 1 day	1.917	-0.014	-0.73%
Heating Oil • 1 day	1.682	-0.011	-0.67%

Headlines

20 hours How Taxpayers Are Bankrolling The EV Revolution
2 days The Coronavirus Is Crushing China’s Car Market
3 days Fighting For Survival In The Streaming War
4 days Want A Job? Forget About A Bachelor’s Degree
4 days Another Major Car Maker Is Backing Hydrogen
5 days Are Americans Finally Sold On Soccer?
5 days Is The Tech Bubble About To Burst?
6 days Coronavirus Could Cost Tourism Industry $80 Billion
6 days What Web Traffic Trends Can Tell Us About The World
6 days Miners Face Greater Headwinds
7 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
8 days Goldman Slashes Oil Price Forecast By $10
9 days Tesla Raises $2 Billion In Share Selloff
10 days What The T-Mobile Takeover Of Sprint Really Means For Markets
10 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
10 days How Hydrogen Could Become The Fuel Of The Future
11 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
11 days This Gold Miner Just Increased Its Dividends By 40%
11 days Airbnb IPO Under Threat As China's Economy Drags
12 days The Infamous Equifax Hack Just Became A National Security Issue

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Ready To Bounce Back Higher

By - May 12, 2017, 7:20 AM CDT

USD/JPY is pushing higher since the pair broke resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 113.86 (11/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distant 106.04 (11/11/2016 low). Expected to show continued bullish pressures.

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