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Gold •10 mins	1,468.40	+3.50	+0.24%
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WTI Crude •11 mins	59.13	+0.11	+0.19%
Gasoline •10 mins	1.655	+0.001	+0.04%
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Silver • 10 mins	16.69	+0.04	+0.26%
Copper • 10 mins	2.766	+0.007	+0.27%
Brent Crude • 10 mins	64.33	+0.08	+0.12%
Natural Gas • 10 mins	2.225	-0.007	-0.31%
Heating Oil • 10 mins	1.942	-0.002	-0.09%

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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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