Commodity Prices

Gold •10 mins	1,908.20	+3.60	+0.19%
Platinum •10 mins	886.00	+2.00	+0.23%
WTI Crude •11 mins	40.64	+0.61	+1.52%
Gasoline •37 mins	1.158	+0.031	+2.75%
Ethanol •6 hours	1.520	+0.051	+3.47%
Silver •10 mins	24.84	+0.13	+0.51%

Silver • 10 mins	24.84	+0.13	+0.51%
Copper • 10 mins	3.157	+0.003	+0.11%
Brent Crude • 2 hours	42.46	+0.73	+1.75%
Natural Gas • 11 mins	2.989	-0.018	-0.60%
Heating Oil • 12 mins	1.159	-0.002	-0.16%

Headlines

9 hours Bitcoin Nears $13,000 As PayPal Joins The Crypto Fray
1 day DOJ Declares The Obvious: Google Is A “Monopoly”
3 days Alibaba Is About To Make History Again
4 days Robinhood Users Are Latest Target Of Pandemic Hackers
6 days The Hydrogen Boom Will Provide A $200B Boost To Wind And Solar Energy
7 days Will The 5G Rollout Overshadow This Major Merger?
8 days Corporate Bitcoin Holdings Boost Crypto Confidence
8 days Indonesia Rolls Out Augmented Reality Innovation To Combat COVID
9 days Banks Are Getting Rich On Pandemic Overdrafts
9 days The Real Reason China Is Betting Big On Renewables
10 days Europe Wants To End The Big Tech Monopoly
10 days New Breakthrough Could Transform Rare Earth Mining
11 days Waymo Set To Roll Out Fully Self-Driving Vehicles
12 days Aramco Dividend Won’t Cover Saudi Budget Gap
13 days Credit Card Debt Plummets Amid COVID
14 days Biden Plan Targets “Wealthy” Taxpayers
15 days McAfee Arrested In Spain On Tax Evasion Charges
15 days South Asia Is Set To Unleash A Flurry Of IPOs
16 days U.S. Takes Stake In Irish Battery Metal Producer
17 days Jobs Report Paints Dire Picture of US Economy

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…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Old Support Becomes New Resistance

By - Jan 18, 2017, 6:27 AM CST

EUR/JPY is trading mixed. The pair is stalling below former support given at 121.68. Weak demand indicates no near term challenge to range top. Expect to see increasing short-term bearish pressures.

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