Commodity Prices

Gold •300 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	972.40	-13.10	-1.33%
WTI Crude •10 mins	59.85	-0.57	-0.94%
Gasoline •14 mins	2.065	-0.006	-0.28%
Ethanol •300 days	2.161	+0.000	+0.00%
Silver •300 days	30.82	+1.16	+3.92%

Silver • 300 days	30.82	+1.16	+3.92%
Copper • 300 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.42	-0.83	-1.29%
Natural Gas • 10 mins	3.307	-0.079	-2.33%
Heating Oil • 19 mins	2.077	-0.044	-2.07%

Headlines

685 days Will The ECB Continue To Hike Rates?
685 days Forbes: Aramco Remains Largest Company In The Middle East
687 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,087 days Could Crypto Overtake Traditional Investment?
1,092 days Americans Still Quitting Jobs At Record Pace
1,094 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,097 days Is The Dollar Too Strong?
1,097 days Big Tech Disappoints Investors on Earnings Calls
1,098 days Fear And Celebration On Twitter as Musk Takes The Reins
1,100 days China Is Quietly Trying To Distance Itself From Russia
1,100 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,104 days Crypto Investors Won Big In 2021
1,104 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,105 days Food Prices Are Skyrocketing As Putin’s War Persists
1,107 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,108 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,111 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,112 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,112 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,114 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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