Commodity Prices

Gold •833 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,614.10	-0.50	-0.03%
WTI Crude •11 mins	94.12	-0.97	-1.02%
Gasoline •11 mins	3.194	-0.065	-2.01%
Ethanol •833 days	2.161	+0.000	+0.00%
Silver •833 days	30.82	+1.16	+3.92%

Silver • 833 days	30.82	+1.16	+3.92%
Copper • 833 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	104.05	-2.01	-1.90%
Natural Gas • 11 mins	3.249	+0.051	+1.59%
Heating Oil • 11 mins	4.854	-0.073	-1.49%

Headlines

1,218 days Will The ECB Continue To Hike Rates?
1,218 days Forbes: Aramco Remains Largest Company In The Middle East
1,220 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,620 days Could Crypto Overtake Traditional Investment?
1,624 days Americans Still Quitting Jobs At Record Pace
1,626 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,629 days Is The Dollar Too Strong?
1,630 days Big Tech Disappoints Investors on Earnings Calls
1,631 days Fear And Celebration On Twitter as Musk Takes The Reins
1,632 days China Is Quietly Trying To Distance Itself From Russia
1,633 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,637 days Crypto Investors Won Big In 2021
1,637 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,638 days Food Prices Are Skyrocketing As Putin’s War Persists
1,640 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,640 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,644 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,644 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,645 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,647 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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 - Breaking Support At 120.55

By - Feb 07, 2017, 6:45 AM CST

EUR/JPY's demand has faded abruptly. Strong hourly support given at 120.55 (17/01/2017 low) has been broken while resistance is given at 123.31 (27/01/2017 high). The road is wide open towards support at 1118.73 (05/12/2016 low).

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