Commodity Prices

Gold •439 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,410.20	-7.00	-0.49%
WTI Crude •11 mins	63.46	+0.16	+0.25%
Gasoline •11 mins	2.016	+0.002	+0.10%
Ethanol •439 days	2.161	+0.000	+0.00%
Silver •439 days	30.82	+1.16	+3.92%

Silver • 439 days	30.82	+1.16	+3.92%
Copper • 439 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.55	+0.11	+0.16%
Natural Gas • 11 mins	3.015	-0.028	-0.92%
Heating Oil • 12 mins	2.334	+0.003	+0.14%

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EUR/JPY- Successful Test of the Support at 122.45

By - Mar 02, 2016, 5:58 AM CST

EUR/JPY has bounced near the significant support region around 122.47 (24/03/2016 low), breaking downtrend channel at 124.13. Hourly resistance can be found at 125.01 (01/03/2016 high).

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).

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