Commodity Prices

Gold •67 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	939.00	+20.30	+2.21%
WTI Crude •10 mins	68.49	+0.82	+1.21%
Gasoline •10 mins	1.938	+0.042	+2.22%
Ethanol •67 days	2.161	+0.000	+0.00%
Silver •67 days	30.82	+1.16	+3.92%

Silver • 67 days	30.82	+1.16	+3.92%
Copper • 67 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.88	+0.82	+1.15%
Natural Gas • 10 mins	2.194	-0.081	-3.56%
Heating Oil • 10 mins	2.152	+0.037	+1.73%

Headlines

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

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 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