Commodity Prices

Gold •809 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,807.70	+1.30	+0.07%
WTI Crude •11 mins	97.58	-2.72	-2.71%
Gasoline •11 mins	3.452	-0.076	-2.16%
Ethanol •809 days	2.161	+0.000	+0.00%
Silver •809 days	30.82	+1.16	+3.92%

Silver • 809 days	30.82	+1.16	+3.92%
Copper • 809 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.02	-2.85	-2.74%
Natural Gas • 11 mins	2.835	-0.077	-2.64%
Heating Oil • 11 mins	4.890	-0.168	-3.33%

Headlines

1,194 days Will The ECB Continue To Hike Rates?
1,194 days Forbes: Aramco Remains Largest Company In The Middle East
1,196 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,596 days Could Crypto Overtake Traditional Investment?
1,601 days Americans Still Quitting Jobs At Record Pace
1,603 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,606 days Is The Dollar Too Strong?
1,606 days Big Tech Disappoints Investors on Earnings Calls
1,607 days Fear And Celebration On Twitter as Musk Takes The Reins
1,609 days China Is Quietly Trying To Distance Itself From Russia
1,609 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,613 days Crypto Investors Won Big In 2021
1,613 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,614 days Food Prices Are Skyrocketing As Putin’s War Persists
1,616 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,617 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,620 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,621 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,621 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,623 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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