Commodity Prices

Gold •374 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,469.90	+57.40	+4.06%
WTI Crude •1 day	68.45	+1.88	+2.82%
Gasoline •1 day	2.187	+0.035	+1.61%
Ethanol •374 days	2.161	+0.000	+0.00%
Silver •374 days	30.82	+1.16	+3.92%

Silver • 374 days	30.82	+1.16	+3.92%
Copper • 374 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	70.36	+1.72	+2.51%
Natural Gas • 1 day	3.314	-0.023	-0.69%
Heating Oil • 1 day	2.447	+0.064	+2.68%

Headlines

759 days Will The ECB Continue To Hike Rates?
759 days Forbes: Aramco Remains Largest Company In The Middle East
761 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,161 days Could Crypto Overtake Traditional Investment?
1,165 days Americans Still Quitting Jobs At Record Pace
1,167 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,170 days Is The Dollar Too Strong?
1,171 days Big Tech Disappoints Investors on Earnings Calls
1,172 days Fear And Celebration On Twitter as Musk Takes The Reins
1,173 days China Is Quietly Trying To Distance Itself From Russia
1,174 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,178 days Crypto Investors Won Big In 2021
1,178 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,179 days Food Prices Are Skyrocketing As Putin’s War Persists
1,181 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,181 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,185 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,185 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,186 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,188 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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