Commodity Prices

Gold •10 mins	1,759.20	+2.50	+0.14%
Platinum •10 mins	933.30	+10.00	+1.08%
WTI Crude •10 mins	72.50	-0.11	-0.15%
Gasoline •12 mins	2.178	-0.003	-0.14%
Ethanol •1 hour	2.207	+0.000	+0.00%
Silver •10 mins	22.93	+0.14	+0.60%

Silver • 10 mins	22.93	+0.14	+0.60%
Copper • 10 mins	4.309	+0.028	+0.64%
Brent Crude • 12 mins	75.53	-0.14	-0.19%
Natural Gas • 10 mins	5.305	-0.030	-0.56%
Heating Oil • 11 mins	2.208	-0.003	-0.15%

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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).

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