Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,377.40	-13.90	-1.00%
WTI Crude •10 mins	68.78	+0.45	+0.66%
Gasoline •10 mins	2.201	+0.016	+0.74%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.57	+0.42	+0.60%
Natural Gas • 10 mins	3.295	-0.045	-1.35%
Heating Oil • 10 mins	2.454	+0.013	+0.52%

Headlines

755 days Will The ECB Continue To Hike Rates?
755 days Forbes: Aramco Remains Largest Company In The Middle East
757 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,157 days Could Crypto Overtake Traditional Investment?
1,161 days Americans Still Quitting Jobs At Record Pace
1,163 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,166 days Is The Dollar Too Strong?
1,167 days Big Tech Disappoints Investors on Earnings Calls
1,168 days Fear And Celebration On Twitter as Musk Takes The Reins
1,169 days China Is Quietly Trying To Distance Itself From Russia
1,170 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,174 days Crypto Investors Won Big In 2021
1,174 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,175 days Food Prices Are Skyrocketing As Putin’s War Persists
1,177 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,177 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,181 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,181 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,182 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,184 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…

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 - 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