Commodity Prices

Gold •10 mins	1,963.40	+0.30	+0.02%
Platinum •10 mins	1,033.00	+4.90	+0.48%
WTI Crude •10 mins	72.57	-0.10	-0.14%
Gasoline •22 mins	2.673	-0.031	-1.13%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •10 mins	23.31	-0.05	-0.21%

Silver • 10 mins	23.31	-0.05	-0.21%
Copper • 10 mins	3.687	+0.005	+0.14%
Brent Crude • 10 mins	76.73	-0.22	-0.29%
Natural Gas • 10 mins	2.429	+0.012	+0.50%
Heating Oil • 27 mins	2.364	-0.005	-0.23%

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EUR/JPY - Monitoring Upward Channel

By - Nov 04, 2016, 7:15 AM CDT

EUR/JPY is definitely in a bullish channel. However, the pair is monitoring the lower bound of this channel which should trigger further downside moves. Key resistance is located at 116.37 (02/09/2016) and support at 112.09 (21/09/2016 low).

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. The road is now wide open towards strong support at 94.12 (24/07/2012 low).

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