Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	943.80	-0.20	-0.02%
WTI Crude •10 mins	68.41	-0.29	-0.42%
Gasoline •10 mins	1.972	-0.009	-0.47%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.23	-0.33	-0.45%
Natural Gas • 11 mins	2.764	-0.021	-0.75%
Heating Oil • 10 mins	2.204	-0.009	-0.39%

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EUR/JPY: Consolidation Continues

By - Aug 30, 2013, 6:02 AM CDT

EUR/JPY is performing in a manner that is similar to what we have seen in GBP/JPY. Until the consolidation range between 127.98 and 132.74 (12/08/2013 low and 24/07/2013 high) is broken, we prefer to remain neutral. However, the break under daily trend line support makes us more wary of a bullish stance.

In the longer-term, we favour a further rise towards the strong resistance at 139.22 (05/06/2009 high) as long as the support at 124.94 (16/04/2013 low) holds. A key resistance stands at 133.80.

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