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Gold •10 mins	1,426.70	-1.40	-0.10%
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Bitcoin •1 min	10,392.17	-220.46	-2.08%
WTI Crude •2 days	55.76	+0.34	+0.61%
Gasoline •2 days	1.795	+0.009	+0.50%
Silver •10 mins	16.20	-0.00	-0.02%

Silver • 10 mins	16.20	-0.00	-0.02%
Copper • 10 mins	2.753	+0.043	+1.57%
Ethereum • 1 min	221.16	-5.67	-2.50%
Brent Crude • 2 days	62.47	+0.54	+0.87%
Natural Gas • 2 days	2.228	-0.035	-1.55%

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EUR/JPY - Old Support Becomes New Resistance

By - Jan 18, 2017, 6:27 AM CST

EUR/JPY is trading mixed. The pair is stalling below former support given at 121.68. Weak demand indicates no near term challenge to range top. Expect to see increasing short-term bearish pressures.

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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