Commodity Prices

Gold •15 mins	2,328.70	-13.40	-0.57%
Platinum •15 mins	921.80	-1.00	-0.11%
WTI Crude •10 mins	82.90	-0.46	-0.55%
Gasoline •12 mins	2.724	-0.002	-0.07%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.16	-0.20	-0.74%

Silver • 15 mins	27.16	-0.20	-0.74%
Copper • 15 mins	4.486	+0.026	+0.58%
Brent Crude • 10 mins	88.05	-0.37	-0.42%
Natural Gas • 11 mins	1.811	-0.001	-0.06%
Heating Oil • 10 mins	2.561	-0.018	-0.70%

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GBP/USD: Surge in Selling Pressure Last Friday

By - Jan 27, 2014, 5:03 AM CST

GBP/USD declined sharply last Friday, negating the positive implications of the recent new highs. Supports stand at 1.6451 (22/01/2014 low) and 1.6396 (20/01/2014 low). A resistance now lies at 1.6668 (24/01/2014 high).

The break of the major resistance area between 1.6381 and 1.6466 favours a further long-term rise towards the major resistance at 1.7043 (05/08/2009 high). Given the overall overbought conditions, a break of this level is unlikely in the next weeks. A key support stands at 1.6305 (25/12/2014 low).

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