Commodity Prices

Gold •10 mins	1,931.90	-4.70	-0.24%
Platinum •10 mins	915.00	-8.60	-0.93%
WTI Crude •10 mins	88.71	-0.97	-1.08%
Gasoline •13 mins	2.511	-0.033	-1.29%
Ethanol •12 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.28	-0.11	-0.45%

Silver • 10 mins	23.28	-0.11	-0.45%
Copper • 10 mins	3.653	-0.018	-0.48%
Brent Crude • 10 mins	92.31	-0.98	-1.05%
Natural Gas • 13 mins	2.608	-0.031	-1.17%
Heating Oil • 15 mins	3.212	-0.050	-1.54%

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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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