Commodity Prices

Gold •717 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •1 day	76.54	+0.69	+0.91%
Gasoline •1 day	3.004	+0.009	+0.31%
Ethanol •717 days	2.161	+0.000	+0.00%
Silver •717 days	30.82	+1.16	+3.92%

Silver • 717 days	30.82	+1.16	+3.92%
Copper • 717 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	80.57	+0.72	+0.90%
Natural Gas • 1 day	3.198	-0.035	-1.08%
Heating Oil • 1 day	3.195	+0.067	+2.15%

Headlines

1,102 days Will The ECB Continue To Hike Rates?
1,102 days Forbes: Aramco Remains Largest Company In The Middle East
1,104 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,504 days Could Crypto Overtake Traditional Investment?
1,508 days Americans Still Quitting Jobs At Record Pace
1,510 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,513 days Is The Dollar Too Strong?
1,514 days Big Tech Disappoints Investors on Earnings Calls
1,515 days Fear And Celebration On Twitter as Musk Takes The Reins
1,516 days China Is Quietly Trying To Distance Itself From Russia
1,517 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,521 days Crypto Investors Won Big In 2021
1,521 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,522 days Food Prices Are Skyrocketing As Putin’s War Persists
1,524 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,524 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,528 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,528 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,529 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,531 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: Approaching Long-Term Trend-Line Support

By - Feb 06, 2013, 3:32 AM CST

GBP/USD's minor recovery stalled last Friday at 1.5879, followed by a sharp swing lower which has subsequently printed a fresh low, at 1.5631. This level rests just above long-term trend-line support from 1.3503. A degree of support would be anticipated from this level. However, a sustained break under this major trend-line would suggest scope for a minimum retest of the 1.5269 region.

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