Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,697.80	+0.20	+0.01%
WTI Crude •11 mins	62.26	-0.29	-0.46%
Gasoline •11 mins	1.908	-0.001	-0.06%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.98	-0.27	-0.41%
Natural Gas • 11 mins	3.337	+0.004	+0.12%
Heating Oil • 11 mins	2.289	-0.002	-0.10%

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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).

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