Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,409.70	+2.60	+0.18%
WTI Crude •10 mins	65.98	-0.52	-0.78%
Gasoline •10 mins	2.104	-0.013	-0.62%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.80	-0.50	-0.73%
Natural Gas • 10 mins	3.340	-0.047	-1.39%
Heating Oil • 18 mins	2.397	-0.012	-0.50%

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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