Commodity Prices

Gold •10 mins	2,344.50	+6.10	+0.26%
Platinum •10 mins	926.60	+10.80	+1.18%
WTI Crude •10 mins	83.79	+0.98	+1.18%
Gasoline •11 mins	2.768	+0.033	+1.22%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.45	+0.10	+0.36%

Silver • 10 mins	27.45	+0.10	+0.36%
Copper • 10 mins	4.557	+0.070	+1.56%
Brent Crude • 10 mins	89.24	+1.22	+1.39%
Natural Gas • 10 mins	1.613	-0.040	-2.42%
Heating Oil • 11 mins	2.557	+0.007	+0.28%

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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).

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