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Gold •10 mins	1,879.60	-16.80	-0.89%
Platinum •10 mins	1,151.10	+5.10	+0.45%
WTI Crude •1 day	70.91	+0.62	+0.88%
Gasoline •1 day	2.186	-0.026	-1.18%
Ethanol •1 day	2.460	+0.000	+0.00%
Silver •10 mins	28.15	+0.12	+0.41%

Silver • 10 mins	28.15	+0.12	+0.41%
Copper • 10 mins	4.538	+0.052	+1.17%
Brent Crude • 1 day	72.69	+0.17	+0.23%
Natural Gas • 1 day	3.296	+0.147	+4.67%
Heating Oil • 1 day	2.121	-0.023	-1.06%

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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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