Commodity Prices

Gold •15 mins	1,648.80	+28.30	+1.75%
Platinum •15 mins	976.10	-2.90	-0.30%
WTI Crude •11 hours	53.38	-0.50	-0.93%
Gasoline •11 hours	1.761	-0.023	-1.31%
Ethanol •11 hours	1.337	-0.013	-0.96%
Silver •15 mins	18.53	+0.21	+1.15%

Silver • 15 mins	18.53	+0.21	+1.15%
Copper • 15 mins	2.608	+0.020	+0.77%
Brent Crude • 10 hours	57.94	-0.86	-1.46%
Natural Gas • 11 hours	1.917	-0.014	-0.73%
Heating Oil • 11 hours	1.682	-0.011	-0.67%

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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