Commodity Prices

Gold •380 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,456.60	-15.50	-1.05%
WTI Crude •2 hours	67.34	-0.20	-0.30%
Gasoline •2 hours	2.153	-0.017	-0.78%
Ethanol •380 days	2.161	+0.000	+0.00%
Silver •380 days	30.82	+1.16	+3.92%

Silver • 380 days	30.82	+1.16	+3.92%
Copper • 380 days	4.530	+0.111	+2.51%
Brent Crude • 51 mins	69.28	-0.24	-0.35%
Natural Gas • 2 hours	3.565	+0.023	+0.65%
Heating Oil • 2 hours	2.453	-0.012	-0.47%

Headlines

764 days Will The ECB Continue To Hike Rates?
765 days Forbes: Aramco Remains Largest Company In The Middle East
766 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,166 days Could Crypto Overtake Traditional Investment?
1,171 days Americans Still Quitting Jobs At Record Pace
1,173 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,176 days Is The Dollar Too Strong?
1,176 days Big Tech Disappoints Investors on Earnings Calls
1,177 days Fear And Celebration On Twitter as Musk Takes The Reins
1,179 days China Is Quietly Trying To Distance Itself From Russia
1,179 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,183 days Crypto Investors Won Big In 2021
1,183 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,184 days Food Prices Are Skyrocketing As Putin’s War Persists
1,186 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,187 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,190 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,191 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,191 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,193 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Bouncing On And Off

By - Jan 11, 2017, 7:24 AM CST

EUR/JPY is bouncing within the current 121.68 to 124.10 range. Weak demand indicates no near term challenge to range top. Hourly support is located at 122.02 (05/01/2017 low) and hourly resistance can be found at 123.68 (intraday high). Expect to go way lower in case the pair breaks 122.00.

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. Strong support at 94.12 (24/07/2012 low) looks nonetheless far away.

Daily Technical Report