Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,660.60	+4.20	+0.25%
WTI Crude •11 mins	61.06	-0.45	-0.73%
Gasoline •11 mins	1.875	-0.008	-0.41%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.71	-0.51	-0.78%
Natural Gas • 11 mins	3.207	-0.062	-1.90%
Heating Oil • 11 mins	2.275	-0.005	-0.22%

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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