Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,376.70	+0.10	+0.01%
WTI Crude •11 mins	63.86	-0.19	-0.30%
Gasoline •11 mins	2.018	-0.010	-0.51%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.80	-0.15	-0.22%
Natural Gas • 11 mins	3.060	-0.040	-1.29%
Heating Oil • 12 mins	2.340	-0.015	-0.62%

Headlines

826 days Will The ECB Continue To Hike Rates?
826 days Forbes: Aramco Remains Largest Company In The Middle East
828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,228 days Could Crypto Overtake Traditional Investment?
1,232 days Americans Still Quitting Jobs At Record Pace
1,234 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,237 days Is The Dollar Too Strong?
1,238 days Big Tech Disappoints Investors on Earnings Calls
1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
1,240 days China Is Quietly Trying To Distance Itself From Russia
1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,245 days Crypto Investors Won Big In 2021
1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,248 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,252 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,255 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Monitoring Upward Channel

By - Nov 04, 2016, 7:15 AM CDT

EUR/JPY is definitely in a bullish channel. However, the pair is monitoring the lower bound of this channel which should trigger further downside moves. Key resistance is located at 116.37 (02/09/2016) and support at 112.09 (21/09/2016 low).

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. The road is now wide open towards strong support at 94.12 (24/07/2012 low).

Daily Technical Report