Commodity Prices

Gold •480 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,590.20	-11.40	-0.71%
WTI Crude •11 mins	61.54	+0.04	+0.07%
Gasoline •33 mins	1.918	-0.005	-0.27%
Ethanol •480 days	2.161	+0.000	+0.00%
Silver •480 days	30.82	+1.16	+3.92%

Silver • 480 days	30.82	+1.16	+3.92%
Copper • 480 days	4.530	+0.111	+2.51%
Brent Crude • 14 mins	65.97	+0.03	+0.05%
Natural Gas • 12 mins	3.356	+0.052	+1.57%
Heating Oil • 14 mins	2.397	-0.006	-0.27%

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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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