Commodity Prices

Gold •651 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,148.50	+18.00	+0.84%
WTI Crude •11 mins	92.33	+1.04	+1.14%
Gasoline •11 mins	3.076	+0.007	+0.23%
Ethanol •651 days	2.161	+0.000	+0.00%
Silver •651 days	30.82	+1.16	+3.92%

Silver • 651 days	30.82	+1.16	+3.92%
Copper • 651 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.06	+1.13	+1.19%
Natural Gas • 11 mins	2.624	+0.014	+0.54%
Heating Oil • 11 mins	3.822	+0.069	+1.83%

Headlines

1,036 days Will The ECB Continue To Hike Rates?
1,036 days Forbes: Aramco Remains Largest Company In The Middle East
1,038 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,438 days Could Crypto Overtake Traditional Investment?
1,442 days Americans Still Quitting Jobs At Record Pace
1,444 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,447 days Is The Dollar Too Strong?
1,448 days Big Tech Disappoints Investors on Earnings Calls
1,449 days Fear And Celebration On Twitter as Musk Takes The Reins
1,450 days China Is Quietly Trying To Distance Itself From Russia
1,451 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,455 days Crypto Investors Won Big In 2021
1,455 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,456 days Food Prices Are Skyrocketing As Putin’s War Persists
1,458 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,458 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,462 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,462 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,463 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,465 days Are NFTs About To Take Over Gaming?

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around 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: Bullish Breakout at 1.5305

By - Jul 23, 2013, 6:01 AM CDT

GBP/USD has broken its strong resistance at 1.5305. Next resistances are likely found at 1.5477 (25/06/2013 high) and 1.5531 (21/06/2013 high, see also the 200-day moving average). Hourly supports are at 1.5258 (22/07/2013 low) and 1.5154 (intraday low).

The break of both resistances at 1.5305 and 1.5346 (27/06/2013 high) stopped our short strategy.

In the longer-term, prices are moving within a mild declining trend since April 2011. However, the recent successful test of the support at 1.4832 and the break of the support at 1.5305 suggest an improving medium-term trend. Key resistances are given by the 200-day moving average and 1.5752 (17/06/2013 high).

Daily Technical Report