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Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	952.90	+8.90	+0.94%
WTI Crude •10 mins	67.81	-0.89	-1.30%
Gasoline •10 mins	1.959	-0.023	-1.16%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.63	-0.93	-1.28%
Natural Gas • 10 mins	2.715	-0.070	-2.51%
Heating Oil • 10 mins	2.180	-0.032	-1.44%

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GBP/USD: Making New Low

By - Oct 04, 2012, 5:21 AM CDT

GBP/USD declined yesterday below both the support at 1.6109 (01/10/2012 low) and the rising trendline. Resistance for a bounce is likely given by 1.6142. Other hourly resistance can be found at 1.6187. Short-term support is at 1.5960.

GBP/USD is likely moving in a long-term horizontal range. The resistances given by 1.6302 (30/04/2012 high) and by the long-term declining trendline (linking the August 2009 top with the April 2011 top) favour a corrective phase.

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