Commodity Prices

Gold •366 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,407.10	+25.00	+1.81%
WTI Crude •19 hours	66.50	-0.50	-0.75%
Gasoline •19 hours	2.117	-0.002	-0.07%
Ethanol •366 days	2.161	+0.000	+0.00%
Silver •366 days	30.82	+1.16	+3.92%

Silver • 366 days	30.82	+1.16	+3.92%
Copper • 366 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	68.30	-0.50	-0.73%
Natural Gas • 19 hours	3.387	-0.022	-0.65%
Heating Oil • 19 hours	2.409	+0.039	+1.65%

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EUR/JPY - Bearish Breakout

By - Feb 23, 2016, 5:46 AM CST

EUR/JPY has broken support implied by the lower bound of the downtrend channel on pushing lower. Hourly resistance can be found at 124.20 (intraday high). The road is wide open for further decline.

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 support at 124.97 (13/06/2013 low) has been broken. Stronger support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report