Commodity Prices

Gold •419 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,355.00	+5.60	+0.41%
WTI Crude •10 mins	63.36	+0.11	+0.17%
Gasoline •1 hour	2.122	-0.026	-1.21%
Ethanol •419 days	2.161	+0.000	+0.00%
Silver •419 days	30.82	+1.16	+3.92%

Silver • 419 days	30.82	+1.16	+3.92%
Copper • 419 days	4.530	+0.111	+2.51%
Brent Crude • 20 mins	67.22	-1.58	-2.30%
Natural Gas • 1 hour	2.717	+0.021	+0.78%
Heating Oil • 1 hour	2.281	-0.067	-2.85%

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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