Commodity Prices

Gold •673 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,068.30	+6.00	+0.29%
WTI Crude •1 day	94.81	-0.27	-0.28%
Gasoline •1 day	3.456	-0.003	-0.10%
Ethanol •673 days	2.161	+0.000	+0.00%
Silver •673 days	30.82	+1.16	+3.92%

Silver • 673 days	30.82	+1.16	+3.92%
Copper • 673 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	100.06	-1.21	-1.19%
Natural Gas • 1 day	2.769	+0.039	+1.43%
Heating Oil • 1 day	3.817	+0.031	+0.82%

Headlines

1,058 days Will The ECB Continue To Hike Rates?
1,058 days Forbes: Aramco Remains Largest Company In The Middle East
1,060 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,460 days Could Crypto Overtake Traditional Investment?
1,464 days Americans Still Quitting Jobs At Record Pace
1,466 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,469 days Is The Dollar Too Strong?
1,470 days Big Tech Disappoints Investors on Earnings Calls
1,471 days Fear And Celebration On Twitter as Musk Takes The Reins
1,472 days China Is Quietly Trying To Distance Itself From Russia
1,473 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,477 days Crypto Investors Won Big In 2021
1,477 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,478 days Food Prices Are Skyrocketing As Putin’s War Persists
1,480 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,480 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,484 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,484 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,484 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,487 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Remains Close to The Strong Support at 1.4814

By - Feb 03, 2015, 12:46 PM CST

GBP/USD needs to break the key resistance at 1.5274 (06/01/2015 high) to improve the shortterm technical structure. A support stands at 1.4952 (23/01/2015 low), while a strong support lies at 1.4814. An initial resistance lies at 1.5101 (02/02/2015 high).

In the longer term, the technical structure is negative as long as prices remain below the key resistance at 1.5274 (06/01/2015 high, see also the declining trendline). A full retracement of the 2013-2014 rise is likely. However, the strong support at 1.4814 should cap the medium-term downside risks.

Daily Technical Report