Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,649.40	+19.30	+1.18%
WTI Crude •11 mins	72.22	+0.14	+0.19%
Gasoline •12 mins	2.994	-0.045	-1.47%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	76.40	+0.10	+0.13%
Natural Gas • 11 mins	3.011	-0.001	-0.03%
Heating Oil • 14 mins	3.532	-0.040	-1.11%

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EUR/JPY - Bearish Breakout

By - Apr 05, 2016, 5:47 AM CDT

EUR/JPY has broken downtrend channel. Shortterm bullish momentum is fading. Hourly support is given at 124.68 (22/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further consolidation.

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. Strong 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