Commodity Prices

Gold •170 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	936.40	+12.90	+1.40%
WTI Crude •15 hours	69.46	+0.08	+0.12%
Gasoline •15 hours	1.942	+0.019	+0.98%
Ethanol •170 days	2.161	+0.000	+0.00%
Silver •170 days	30.82	+1.16	+3.92%

Silver • 170 days	30.82	+1.16	+3.92%
Copper • 170 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	72.94	+0.06	+0.08%
Natural Gas • 15 hours	3.748	+0.164	+4.58%
Heating Oil • 15 hours	2.232	-0.006	-0.27%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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

EUR/JPY – Monitoring Resistance At 122.01

By - Dec 05, 2016, 5:51 AM CST

EUR/JPY's bullish momentum is clearly on, despite large downside moves. The pair is monitoring resistance at 122.01 (23/06/2016 high). The road is wide-open for further increase. Hourly support lies at 118.56 (intraday low). Expected to go further higher but larger downside moves may happen again (profit taking).

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