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Gold •15 mins	1,303.00	-3.50	-0.27%
Platinum •15 mins	861.40	+8.80	+1.03%
Bitcoin •1 min	3,989.91	+8.75	+0.22%
WTI Crude •11 mins	58.65	-0.64	-1.08%
Gasoline •11 mins	1.865	-0.009	-0.50%
Silver •15 mins	15.30	-0.07	-0.47%

Silver • 15 mins	15.30	-0.07	-0.47%
Copper • 15 mins	2.925	+0.002	+0.05%
Ethereum • 1 min	137.93	-0.52	-0.38%
Brent Crude • 11 mins	67.07	-0.35	-0.52%
Natural Gas • 11 mins	2.859	-0.013	-0.45%

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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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