Commodity Prices

Gold •15 mins	1,571.30	+5.90	+0.38%
Platinum •15 mins	1,010.10	+2.80	+0.28%
WTI Crude •20 hours	54.19	-1.40	-2.52%
Gasoline •20 hours	1.526	-0.047	-2.99%
Ethanol •21 hours	1.335	-0.019	-1.40%
Silver •15 mins	18.12	+0.29	+1.63%

Silver • 15 mins	18.12	+0.29	+1.63%
Copper • 15 mins	2.684	-0.043	-1.56%
Brent Crude • 20 hours	59.89	-1.39	-2.27%
Natural Gas • 20 hours	1.870	-0.034	-1.79%
Heating Oil • 20 hours	1.737	-0.057	-3.17%

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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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