Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,000.50	+56.80	+2.92%
WTI Crude •11 mins	92.90	-2.65	-2.77%
Gasoline •11 mins	3.088	-0.039	-1.26%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.54	-3.11	-2.86%
Natural Gas • 11 mins	3.135	-0.031	-0.98%
Heating Oil • 11 mins	4.264	-0.079	-1.81%

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EUR/JPY - Bouncing On And Off

By - Jan 11, 2017, 7:24 AM CST

EUR/JPY is bouncing within the current 121.68 to 124.10 range. Weak demand indicates no near term challenge to range top. Hourly support is located at 122.02 (05/01/2017 low) and hourly resistance can be found at 123.68 (intraday high). Expect to go way lower in case the pair breaks 122.00.

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