Commodity Prices

Gold •235 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	983.70	-4.00	-0.40%
WTI Crude •10 mins	70.34	-0.06	-0.09%
Gasoline •11 mins	2.030	+0.003	+0.16%
Ethanol •235 days	2.161	+0.000	+0.00%
Silver •235 days	30.82	+1.16	+3.92%

Silver • 235 days	30.82	+1.16	+3.92%
Copper • 235 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.45	+0.02	+0.03%
Natural Gas • 10 mins	4.019	-0.215	-5.08%
Heating Oil • 10 mins	2.421	-0.011	-0.46%

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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