Commodity Prices

Gold •14 mins	1,983.80	-12.10	-0.61%
Platinum •14 mins	990.30	-6.70	-0.67%
WTI Crude •1 day	69.26	-0.70	-1.00%
Gasoline •1 day	2.589	-0.017	-0.67%
Ethanol •1 day	2.161	+0.000	+0.00%
Silver •14 mins	23.34	+0.08	+0.36%

Silver • 14 mins	23.34	+0.08	+0.36%
Copper • 14 mins	4.075	-0.049	-1.18%
Brent Crude • 1 day	74.99	-0.92	-1.21%
Natural Gas • 1 day	2.216	+0.062	+2.88%
Heating Oil • 1 day	2.695	+0.011	+0.39%

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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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