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Gold •15 mins	1,426.70	-1.40	-0.10%
Platinum •15 mins	852.10	+2.20	+0.26%
Bitcoin •1 min	10,553.41	-33.32	-0.31%
WTI Crude •2 days	55.76	+0.34	+0.61%
Gasoline •2 days	1.795	+0.009	+0.50%
Silver •15 mins	16.20	-0.00	-0.02%

Silver • 15 mins	16.20	-0.00	-0.02%
Copper • 15 mins	2.753	+0.043	+1.57%
Ethereum • 1 min	223.57	-1.65	-0.73%
Brent Crude • 2 days	62.47	+0.54	+0.87%
Natural Gas • 2 days	2.228	-0.035	-1.55%

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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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