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Gold •15 mins	1,807.20	-7.30	-0.40%
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WTI Crude •11 mins	69.04	+0.89	+1.31%
Gasoline •11 mins	2.283	+0.033	+1.48%
Ethanol •15 hours	2.220	+0.000	+0.00%
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Silver • 15 mins	25.27	-0.20	-0.77%
Copper • 15 mins	4.349	+0.016	+0.37%
Brent Crude • 11 mins	71.21	+0.83	+1.18%
Natural Gas • 10 mins	4.154	-0.004	-0.10%
Heating Oil • 10 mins	2.102	+0.028	+1.33%

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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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