Commodity Prices

Gold •10 mins	1,768.70	-10.10	-0.57%
Platinum •10 mins	996.50	-4.60	-0.46%
WTI Crude •10 mins	71.95	-0.28	-0.39%
Gasoline •11 mins	2.116	-0.008	-0.38%
Ethanol •40 mins	2.207	+0.000	+0.00%
Silver •10 mins	22.73	-0.18	-0.79%

Silver • 10 mins	22.73	-0.18	-0.79%
Copper • 10 mins	4.219	-0.033	-0.78%
Brent Crude • 40 mins	76.19	+1.83	+2.46%
Natural Gas • 10 mins	4.770	-0.035	-0.73%
Heating Oil • 13 mins	2.206	-0.006	-0.26%

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EUR/JPY - Sharp Decline

By - Apr 07, 2016, 5:29 AM CDT

EUR/JPY has moved largely lower. Hourly support at 124.68 (22/03/2016 low) has been broken and the pair is now approaching stronger support at 122.11 (01/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further weakness

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