Commodity Prices

Gold •10 mins	1,647.80	+4.70	+0.29%
Platinum •10 mins	902.90	-11.90	-1.30%
WTI Crude •11 mins	46.86	-1.87	-3.84%
Gasoline •10 mins	1.510	-0.055	-3.48%
Ethanol •33 mins	1.258	-0.042	-3.23%
Silver •10 mins	17.88	-0.03	-0.19%

Silver • 10 mins	17.88	-0.03	-0.19%
Copper • 10 mins	2.556	-0.018	-0.70%
Brent Crude • 11 mins	51.29	-1.52	-2.88%
Natural Gas • 10 mins	1.735	-0.102	-5.55%
Heating Oil • 10 mins	1.462	-0.036	-2.38%

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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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