Commodity Prices

Gold •748 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,661.20	+23.30	+1.42%
WTI Crude •10 mins	87.25	+2.91	+3.45%
Gasoline •10 mins	3.459	+0.053	+1.55%
Ethanol •748 days	2.161	+0.000	+0.00%
Silver •748 days	30.82	+1.16	+3.92%

Silver • 748 days	30.82	+1.16	+3.92%
Copper • 748 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	93.80	+2.79	+3.07%
Natural Gas • 11 mins	2.872	+0.007	+0.24%
Heating Oil • 11 mins	4.193	+0.066	+1.60%

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EUR/JPY - Buying Pressures Start To Fade

By - Dec 19, 2016, 6:25 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. Strong support at 94.12 (24/07/2012 low) looks nonetheless far away.

Daily Technical Report