Commodity Prices

Gold •15 mins	1,315.20	+2.90	+0.22%
Platinum •15 mins	848.10	-0.30	-0.04%
Bitcoin •1 min	3,979.28	+11.45	+0.29%
WTI Crude •11 mins	58.51	-0.53	-0.90%
Gasoline •12 mins	1.879	-0.012	-0.61%
Silver •15 mins	15.45	+0.04	+0.28%

Silver • 15 mins	15.45	+0.04	+0.28%
Copper • 15 mins	2.848	+0.005	+0.18%
Ethereum • 1 min	136.31	+0.16	+0.12%
Brent Crude • 10 mins	66.20	-0.55	-0.82%
Natural Gas • 10 mins	2.740	-0.027	-0.98%

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Tesla Struggles To Compete In European Market

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The bull market of the…

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The counterfeit market has breached…

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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