Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	976.00	+5.50	+0.57%
WTI Crude •10 mins	70.70	+0.60	+0.86%
Gasoline •10 mins	2.071	+0.012	+0.56%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.81	+0.58	+0.78%
Natural Gas • 10 mins	3.395	+0.056	+1.68%
Heating Oil • 11 mins	2.293	+0.019	+0.83%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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: 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