Commodity Prices

Gold •15 mins	2,406.10	+8.10	+0.34%
Platinum •15 mins	942.90	-11.60	-1.22%
WTI Crude •11 mins	82.86	+0.13	+0.16%
Gasoline •10 mins	2.707	-0.007	-0.25%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.61	+0.23	+0.81%

Silver • 15 mins	28.61	+0.23	+0.81%
Copper • 15 mins	4.494	+0.058	+1.30%
Brent Crude • 10 mins	87.09	-0.02	-0.02%
Natural Gas • 10 mins	1.758	+0.001	+0.06%
Heating Oil • 10 mins	2.547	+0.013	+0.52%

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EUR/JPY: Bouncing Sharply

By - Nov 13, 2013, 5:42 AM CST

EUR/JPY has bounced sharply after the successful test of the key support at 131.15. The resistance at 133.73 (06/11/2013 high) has been breached. Hourly supports can be found at 132.91 (12/11/2013 low) and 132.21 (11/11/2013 low). An initial resistance lies at 134.01 (12/11/2013 high).

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 131.15 (08/10/2013 low) holds. However, a sustainable move above this resistance is unlikely given the overall increasing overbought conditions.

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