Commodity Prices

Gold •15 mins	1,210.40	+2.10	+0.17%
Platinum •15 mins	825.50	+3.60	+0.44%
Bitcoin •1 min	6,386.16	+99.80	+1.59%
WTI Crude •11 mins	71.21	+0.44	+0.62%
Gasoline •16 mins	2.017	+0.008	+0.42%
Silver •15 mins	14.37	+0.09	+0.60%

Silver • 15 mins	14.37	+0.09	+0.60%
Copper • 15 mins	2.740	+0.011	+0.38%
Ethereum • 1 min	207.46	-4.40	-2.08%
Brent Crude • 11 mins	79.15	+0.23	+0.29%
Natural Gas • 17 mins	2.884	+0.002	+0.07%

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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