Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,373.50	+133.90	+5.98%
WTI Crude •7 hours	67.02	+1.81	+2.78%
Gasoline •9 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	72.87	+2.03	+2.87%
Natural Gas • 7 hours	2.859	+0.032	+1.13%
Heating Oil • 9 hours	2.636	+0.023	+0.88%

Headlines

989 days Will The ECB Continue To Hike Rates?
989 days Forbes: Aramco Remains Largest Company In The Middle East
991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,390 days Could Crypto Overtake Traditional Investment?
1,395 days Americans Still Quitting Jobs At Record Pace
1,397 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,400 days Is The Dollar Too Strong?
1,401 days Big Tech Disappoints Investors on Earnings Calls
1,401 days Fear And Celebration On Twitter as Musk Takes The Reins
1,403 days China Is Quietly Trying To Distance Itself From Russia
1,403 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,407 days Crypto Investors Won Big In 2021
1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,408 days Food Prices Are Skyrocketing As Putin’s War Persists
1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,411 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,414 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,415 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,415 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,417 days Are NFTs About To Take Over Gaming?

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

How Millennials Are Reshaping Real Estate

The real estate market is…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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: Short-Term Consolidation is Underway

By - Jul 15, 2013, 5:18 AM CDT

GBP/USD is weakening after its surge higher near the support at 1.4832. A resistance lies at 1.5222 (11/07/2013 high), while a key resistance is at 1.5305. Hourly support can be found at 1.5062 (intraday low, see also the 38.2% retracement of the current bounce) and 1.4981 (previous resistance).

In the longer-term, the break of the 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) calls for a further medium-term decline. The recent sharp bounce does not change this scenario. A key resistance is at 1.5305.

Daily Technical Report