Commodity Prices

Gold •15 mins	1,313.10	+5.80	+0.44%
Platinum •15 mins	847.60	-13.50	-1.57%
Bitcoin •1 min	3,995.91	+18.18	+0.46%
WTI Crude •11 mins	58.89	-1.09	-1.82%
Gasoline •11 mins	1.884	-0.010	-0.54%
Silver •15 mins	15.44	-0.00	-0.01%

Silver • 15 mins	15.44	-0.00	-0.01%
Copper • 15 mins	2.848	-0.058	-2.00%
Ethereum • 1 min	136.94	+1.86	+1.38%
Brent Crude • 11 mins	66.62	-1.05	-1.55%
Natural Gas • 11 mins	2.771	-0.056	-1.98%

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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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