Commodity Prices

Gold •15 mins	1,868.20	+1.70	+0.09%
Platinum •15 mins	1,112.40	-4.00	-0.36%
WTI Crude •3 hours	53.24	+0.26	+0.49%
Gasoline •42 mins	1.537	-0.007	-0.45%
Ethanol •2 hours	1.630	-0.033	-1.98%
Silver •15 mins	25.82	+0.05	+0.21%

Silver • 15 mins	25.82	+0.05	+0.21%
Copper • 15 mins	3.652	+0.011	+0.29%
Brent Crude • 11 mins	55.80	-0.28	-0.50%
Natural Gas • 10 mins	2.545	+0.006	+0.24%
Heating Oil • 11 mins	1.592	-0.009	-0.56%

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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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