Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,153.50	+23.00	+1.08%
WTI Crude •11 mins	91.31	+0.02	+0.02%
Gasoline •16 mins	3.055	-0.014	-0.46%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.84	-0.09	-0.09%
Natural Gas • 11 mins	2.592	-0.018	-0.69%
Heating Oil • 17 mins	3.793	+0.040	+1.05%

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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).

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