Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,000.50	+56.80	+2.92%
WTI Crude •11 mins	92.90	-2.65	-2.77%
Gasoline •11 mins	3.088	-0.039	-1.26%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.54	-3.11	-2.86%
Natural Gas • 11 mins	3.135	-0.031	-0.98%
Heating Oil • 11 mins	4.264	-0.079	-1.81%

Headlines

1,008 days Will The ECB Continue To Hike Rates?
1,009 days Forbes: Aramco Remains Largest Company In The Middle East
1,010 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,410 days Could Crypto Overtake Traditional Investment?
1,415 days Americans Still Quitting Jobs At Record Pace
1,417 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,420 days Is The Dollar Too Strong?
1,420 days Big Tech Disappoints Investors on Earnings Calls
1,421 days Fear And Celebration On Twitter as Musk Takes The Reins
1,423 days China Is Quietly Trying To Distance Itself From Russia
1,423 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,427 days Crypto Investors Won Big In 2021
1,427 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,428 days Food Prices Are Skyrocketing As Putin’s War Persists
1,430 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,431 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,434 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,435 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,435 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,437 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

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 - Targeting Support At 1.2083

By - Jan 10, 2017, 7:22 AM CST

GBP/USD has reversed after false break out of recent bearish channel. Hourly support lies at 1.2083 (25/10/2016 low) while hourly resistance lies at 1.2268 (intraday high). The technical structure suggests further downside.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

Daily Technical Report