Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,371.30	-5.30	-0.39%
WTI Crude •11 mins	64.13	+0.08	+0.12%
Gasoline •21 mins	2.025	-0.004	-0.18%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	67.95	-0.52	-0.76%
Natural Gas • 17 mins	3.083	-0.017	-0.55%
Heating Oil • 24 mins	2.352	-0.003	-0.12%

Headlines

825 days Will The ECB Continue To Hike Rates?
826 days Forbes: Aramco Remains Largest Company In The Middle East
827 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,227 days Could Crypto Overtake Traditional Investment?
1,232 days Americans Still Quitting Jobs At Record Pace
1,234 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,237 days Is The Dollar Too Strong?
1,237 days Big Tech Disappoints Investors on Earnings Calls
1,238 days Fear And Celebration On Twitter as Musk Takes The Reins
1,240 days China Is Quietly Trying To Distance Itself From Russia
1,240 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,244 days Crypto Investors Won Big In 2021
1,244 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,245 days Food Prices Are Skyrocketing As Putin’s War Persists
1,247 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,248 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,251 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,252 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,252 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,254 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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