Commodity Prices

Gold •15 mins	1,751.40	-5.30	-0.30%
Platinum •15 mins	930.60	+7.30	+0.79%
WTI Crude •21 hours	71.97	-0.64	-0.88%
Gasoline •21 hours	2.171	-0.010	-0.45%
Ethanol •20 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.34	-0.46	-2.00%

Silver • 15 mins	22.34	-0.46	-2.00%
Copper • 15 mins	4.246	-0.036	-0.83%
Brent Crude • 20 hours	75.34	-0.33	-0.44%
Natural Gas • 21 hours	5.105	-0.230	-4.31%
Heating Oil • 21 hours	2.209	-0.002	-0.09%

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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