Commodity Prices

Gold •20 mins	1,944.40	+4.80	+0.25%
Platinum •20 mins	932.30	+7.70	+0.83%
WTI Crude •11 mins	90.24	+0.61	+0.68%
Gasoline •11 mins	2.572	-0.048	-1.85%
Ethanol •53 mins	2.161	+0.000	+0.00%
Silver •20 mins	23.81	+0.12	+0.50%

Silver • 20 mins	23.81	+0.12	+0.50%
Copper • 20 mins	3.690	-0.006	-0.16%
Brent Crude • 11 mins	93.53	+0.23	+0.25%
Natural Gas • 11 mins	2.640	+0.030	+1.15%
Heating Oil • 14 mins	3.332	-0.036	-1.07%

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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.

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