Commodity Prices

Gold •401 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,339.60	-14.60	-1.08%
WTI Crude •12 hours	63.88	+0.00	+0.00%
Gasoline •12 hours	2.086	+0.009	+0.41%
Ethanol •401 days	2.161	+0.000	+0.00%
Silver •401 days	30.82	+1.16	+3.92%

Silver • 401 days	30.82	+1.16	+3.92%
Copper • 401 days	4.530	+0.111	+2.51%
Brent Crude • 11 hours	66.59	+0.16	+0.24%
Natural Gas • 12 hours	2.990	-0.077	-2.51%
Heating Oil • 12 hours	2.279	+0.013	+0.55%

Headlines

786 days Will The ECB Continue To Hike Rates?
786 days Forbes: Aramco Remains Largest Company In The Middle East
788 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,188 days Could Crypto Overtake Traditional Investment?
1,192 days Americans Still Quitting Jobs At Record Pace
1,194 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,197 days Is The Dollar Too Strong?
1,198 days Big Tech Disappoints Investors on Earnings Calls
1,199 days Fear And Celebration On Twitter as Musk Takes The Reins
1,200 days China Is Quietly Trying To Distance Itself From Russia
1,201 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,205 days Crypto Investors Won Big In 2021
1,205 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,206 days Food Prices Are Skyrocketing As Putin’s War Persists
1,208 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,208 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,212 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,212 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,213 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,215 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Challenging a Strong Support Area

By - Jan 23, 2013, 6:11 AM CST

GBP/USD is challenging its key support area between 1.5829 (15/11/2012 low) and 1.5755 (28/08/2012 low). In the short-term, the decline is overextended, suggesting that a rebound is likely. A break of the hourly resistance at 1.5893 (21/01/2013 high) would confirm this scenario.

GBP/USD is moving in a long-term 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