Commodity Prices

Gold •812 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,748.60	-76.90	-4.21%
WTI Crude •45 mins	92.16	+1.64	+1.81%
Gasoline •54 mins	3.587	+0.100	+2.85%
Ethanol •812 days	2.161	+0.000	+0.00%
Silver •812 days	30.82	+1.16	+3.92%

Silver • 812 days	30.82	+1.16	+3.92%
Copper • 812 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.44	+4.19	+4.22%
Natural Gas • 45 mins	3.023	+0.058	+1.96%
Heating Oil • 45 mins	4.776	-0.166	-3.35%

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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