Commodity Prices

Gold •14 mins	2,014.50	-31.90	-1.56%
Platinum •14 mins	919.80	+7.80	+0.86%
WTI Crude •10 hours	71.23	+1.89	+2.73%
Gasoline •10 hours	2.050	+0.049	+2.43%
Ethanol •8 hours	2.161	+0.000	+0.00%
Silver •14 mins	23.28	-0.78	-3.25%

Silver • 14 mins	23.28	-0.78	-3.25%
Copper • 14 mins	3.831	+0.033	+0.87%
Brent Crude • 9 hours	75.84	+1.79	+2.42%
Natural Gas • 10 hours	2.581	-0.004	-0.15%
Heating Oil • 10 hours	2.581	+0.032	+1.25%

Headlines

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

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…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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