Commodity Prices

Gold •15 mins	1,727.60	-7.90	-0.46%
Platinum •15 mins	880.60	-5.70	-0.64%
WTI Crude •10 mins	33.57	+0.32	+0.96%
Gasoline •51 mins	1.036	-0.003	-0.26%
Ethanol •2 days	1.105	-0.004	-0.36%
Silver •15 mins	17.59	-0.11	-0.61%

Silver • 15 mins	17.59	-0.11	-0.61%
Copper • 15 mins	2.393	+0.007	+0.27%
Brent Crude • 10 mins	35.33	+0.20	+0.57%
Natural Gas • 14 mins	1.717	-0.014	-0.81%
Heating Oil • 2 hours	0.981	-0.001	-0.07%

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EUR/JPY - Rally Continues

By - Nov 22, 2016, 7:05 AM CST

EUR/JPY is trading above former resistance at 116.37 (02/09/2016), triggering a bullish extension. Hourly support lies at 114.02 (03/11/2016 low). Expected to go further higher but larger downside moves may happen (profit taking). The short-term momentum is anyway largely bullish.

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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