Commodity Prices

Gold •365 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,389.70	+7.60	+0.55%
WTI Crude •10 mins	67.03	+0.03	+0.04%
Gasoline •22 mins	2.115	-0.003	-0.16%
Ethanol •365 days	2.161	+0.000	+0.00%
Silver •365 days	30.82	+1.16	+3.92%

Silver • 365 days	30.82	+1.16	+3.92%
Copper • 365 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.77	-0.03	-0.04%
Natural Gas • 11 mins	3.406	-0.003	-0.09%
Heating Oil • 18 mins	2.362	-0.008	-0.35%

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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