Commodity Prices

Gold •10 mins	2,332.10	-10.00	-0.43%
Platinum •19 mins	927.40	+4.60	+0.50%
WTI Crude •10 mins	83.03	-0.33	-0.40%
Gasoline •10 mins	2.725	+0.024	+0.90%
Ethanol •12 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.26	-0.10	-0.37%

Silver • 10 mins	27.26	-0.10	-0.37%
Copper • 19 mins	4.492	+0.032	+0.72%
Brent Crude • 10 mins	88.14	-0.28	-0.32%
Natural Gas • 10 mins	1.804	-0.008	-0.44%
Heating Oil • 10 mins	2.563	-0.016	-0.62%

Headlines

314 days Will The ECB Continue To Hike Rates?
314 days Forbes: Aramco Remains Largest Company In The Middle East
316 days Caltech Scientists Succesfully Beam Back Solar Power From Space
716 days Could Crypto Overtake Traditional Investment?
720 days Americans Still Quitting Jobs At Record Pace
722 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
726 days Is The Dollar Too Strong?
726 days Big Tech Disappoints Investors on Earnings Calls
727 days Fear And Celebration On Twitter as Musk Takes The Reins
728 days China Is Quietly Trying To Distance Itself From Russia
729 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
733 days Crypto Investors Won Big In 2021
733 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
734 days Food Prices Are Skyrocketing As Putin’s War Persists
736 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
736 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
740 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
741 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
741 days Two ETFs That Could Hedge Against Extreme Market Volatility
743 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

GBP/USD: Making New Lows

By - Feb 14, 2013, 6:08 AM CST

GBP/USD has moved below the support implied by the February intraday bullish reversal (1.5573). Further weakness is favoured. Supports can be found at 1.5491 (02/08/2012 low) and 1.5394 (12/07/2012 low). An hourly resistance is at 1.5689 (13/02/2013 high).

The medium-term double-top (from 1.5829 to 1.6302) implies a downside risk at 1.5356.

In the longer-term, GBP/USD is moving in a horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high).

Daily Technical Report