Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,396.00	+19.40	+1.41%
WTI Crude •11 mins	63.74	-0.31	-0.48%
Gasoline •11 mins	2.009	-0.020	-0.99%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.63	-0.32	-0.47%
Natural Gas • 11 mins	3.093	-0.007	-0.23%
Heating Oil • 11 mins	2.328	-0.027	-1.16%

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EUR/JPY - Bearish Breakout of The Rising Wedge

By - Feb 17, 2015, 2:20 PM CST

EUR/JPY has broken to the downside out of the rising wedge (see also the break of the hourly support at 134.72), confirming a bearish bias. Other hourly supports lie at 133.68 (09/02/2015 low) and 132.00. An hourly resistance can be found at 135.55 (16/02/2015 high), while a key resistance stands at 137.64.

In the longer term, the break of the strong support at 134.11 (20/11/2013 low) invalidates the long-term succession of higher lows. The resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. More sideways moves are now expected. A key support stands at 124.97 (13/06/2013 low).

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