Commodity Prices

Gold •376 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,411.20	-6.80	-0.48%
WTI Crude •10 mins	66.83	-0.15	-0.22%
Gasoline •11 mins	2.159	-0.007	-0.30%
Ethanol •376 days	2.161	+0.000	+0.00%
Silver •376 days	30.82	+1.16	+3.92%

Silver • 376 days	30.82	+1.16	+3.92%
Copper • 376 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.13	-0.08	-0.12%
Natural Gas • 10 mins	3.430	-0.036	-1.04%
Heating Oil • 11 mins	2.387	-0.003	-0.14%

Headlines

761 days Will The ECB Continue To Hike Rates?
761 days Forbes: Aramco Remains Largest Company In The Middle East
763 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,163 days Could Crypto Overtake Traditional Investment?
1,168 days Americans Still Quitting Jobs At Record Pace
1,169 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,173 days Is The Dollar Too Strong?
1,173 days Big Tech Disappoints Investors on Earnings Calls
1,174 days Fear And Celebration On Twitter as Musk Takes The Reins
1,175 days China Is Quietly Trying To Distance Itself From Russia
1,176 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,180 days Crypto Investors Won Big In 2021
1,180 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,181 days Food Prices Are Skyrocketing As Putin’s War Persists
1,183 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,183 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,187 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,188 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,188 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,190 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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

EUR/JPY - Bearish Breakout

By - Feb 23, 2016, 5:46 AM CST

EUR/JPY has broken support implied by the lower bound of the downtrend channel on pushing lower. Hourly resistance can be found at 124.20 (intraday high). The road is wide open for further decline.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key support at 124.97 (13/06/2013 low) has been broken. Stronger support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report