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Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	944.30	+0.80	+0.08%
WTI Crude •15 mins	68.70	+0.27	+0.39%
Gasoline •17 mins	1.982	+0.017	+0.84%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.32	+0.04	+0.06%
Natural Gas • 15 mins	2.785	-0.198	-6.64%
Heating Oil • 15 mins	2.212	-0.007	-0.32%

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GBP/USD - Direction-Less

By - Feb 10, 2017, 6:49 AM CST

GBP/USD is still trading below resistance given at 1.2771 (05/10/2016 high). The technical structure suggests that the pair should back bouncing lower towards support given at 1.2254 (19/01/2016 low).

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.

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