Commodity Prices

Gold •753 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,629.40	+25.30	+1.58%
WTI Crude •11 mins	85.36	-3.95	-4.42%
Gasoline •11 mins	3.305	-0.091	-2.69%
Ethanol •753 days	2.161	+0.000	+0.00%
Silver •753 days	30.82	+1.16	+3.92%

Silver • 753 days	30.82	+1.16	+3.92%
Copper • 753 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.88	-3.90	-4.03%
Natural Gas • 11 mins	2.793	-0.078	-2.72%
Heating Oil • 30 mins	4.120	-0.060	-1.44%

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EUR/JPY - Pausing Above Former Resistance

By - Dec 14, 2016, 6:30 AM CST

EUR/JPY's bullish momentum is clearly on despite some bearish consolidation. The pair is trading above former resistance at 122.01 (23/06/2016 high). The road is nonetheless wide open for further increase. Hourly support lies at 122.11 (12/12/2016 low). Expected to go further higher but larger downside moves may happen again (profit taking).

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).

Daily Technical Report