Commodity Prices

Gold •357 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,385.10	+42.10	+3.13%
WTI Crude •12 mins	65.14	+0.22	+0.34%
Gasoline •1 hour	2.089	+0.006	+0.30%
Ethanol •357 days	2.161	+0.000	+0.00%
Silver •357 days	30.82	+1.16	+3.92%

Silver • 357 days	30.82	+1.16	+3.92%
Copper • 357 days	4.530	+0.111	+2.51%
Brent Crude • 32 mins	67.90	+0.22	+0.33%
Natural Gas • 11 mins	3.390	-0.016	-0.47%
Heating Oil • 16 mins	2.311	+0.014	+0.62%

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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