Commodity Prices

Gold •15 mins	1,960.80	-2.30	-0.12%
Platinum •15 mins	1,037.00	+8.90	+0.87%
WTI Crude •10 mins	73.19	+0.52	+0.72%
Gasoline •48 mins	2.705	+0.002	+0.06%
Ethanol •3 days	2.161	+0.000	+0.00%
Silver •15 mins	23.28	-0.08	-0.34%

Silver • 15 mins	23.28	-0.08	-0.34%
Copper • 15 mins	3.665	-0.017	-0.46%
Brent Crude • 10 mins	77.40	+0.33	+0.43%
Natural Gas • 11 mins	2.357	-0.060	-2.48%
Heating Oil • 34 mins	2.387	+0.018	+0.76%

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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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