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Gold •15 mins	1,889.20	+12.60	+0.67%
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WTI Crude •10 mins	73.63	+0.24	+0.33%
Gasoline •10 mins	2.321	+0.000	+0.01%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •15 mins	22.51	+0.10	+0.45%

Silver • 15 mins	22.51	+0.10	+0.45%
Copper • 15 mins	4.066	+0.010	+0.23%
Brent Crude • 10 mins	80.32	+0.38	+0.48%
Natural Gas • 10 mins	2.461	+0.051	+2.12%
Heating Oil • 10 mins	2.800	+0.025	+0.89%

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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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