Commodity Prices

Gold •23 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	944.40	-1.30	-0.14%
WTI Crude •3 hours	77.16	-1.12	-1.43%
Gasoline •3 hours	2.461	-0.007	-0.29%
Ethanol •23 days	2.161	+0.000	+0.00%
Silver •23 days	30.82	+1.16	+3.92%

Silver • 23 days	30.82	+1.16	+3.92%
Copper • 23 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	81.13	-1.24	-1.51%
Natural Gas • 3 hours	2.006	-0.035	-1.71%
Heating Oil • 3 hours	2.420	-0.052	-2.08%

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EUR/JPY - Ready For A Long-Term Bearish Breakout

By - Jun 09, 2016, 6:16 AM CDT

EUR/JPY is trading sideways in the mediumterm. Hourly support is located at 120.83 (03/06/2016 low). Hourly resistance can be found at 124.19 (31/05/2016 high). Expected to show continued 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