Commodity Prices

Gold •776 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,737.60	+3.80	+0.22%
WTI Crude •12 mins	85.28	+0.34	+0.40%
Gasoline •12 mins	3.301	0.000	-0.01%
Ethanol •776 days	2.161	+0.000	+0.00%
Silver •776 days	30.82	+1.16	+3.92%

Silver • 776 days	30.82	+1.16	+3.92%
Copper • 776 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.32	+0.30	+0.33%
Natural Gas • 11 mins	2.775	-0.001	-0.04%
Heating Oil • 15 mins	4.474	+0.024	+0.53%

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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