Commodity Prices

Gold •652 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,100.60	-11.60	-0.55%
WTI Crude •11 mins	92.95	-1.74	-1.84%
Gasoline •11 mins	3.140	-0.024	-0.74%
Ethanol •652 days	2.161	+0.000	+0.00%
Silver •652 days	30.82	+1.16	+3.92%

Silver • 652 days	30.82	+1.16	+3.92%
Copper • 652 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.78	-1.61	-1.62%
Natural Gas • 11 mins	2.683	+0.036	+1.36%
Heating Oil • 12 mins	3.800	-0.033	-0.85%

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EUR/JPY - Monitoring The Downtrend Channel

By - Feb 08, 2016, 5:19 AM CST

EUR/JPY is monitoring the upper bound implied by the downtrend channel. Hourly resistance lies at 134.60 (04/12/2015 high). Stronger resistance is located at 137.45 (17/09/2015 high). Expected to bounce back.

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. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report