Commodity Prices

Gold •309 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	986.90	+7.40	+0.76%
WTI Crude •10 mins	61.12	+1.21	+2.02%
Gasoline •10 mins	2.113	+0.028	+1.33%
Ethanol •309 days	2.161	+0.000	+0.00%
Silver •309 days	30.82	+1.16	+3.92%

Silver • 309 days	30.82	+1.16	+3.92%
Copper • 309 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.01	+1.17	+1.86%
Natural Gas • 10 mins	3.663	+0.071	+1.98%
Heating Oil • 10 mins	2.076	+0.036	+1.76%

Headlines

694 days Will The ECB Continue To Hike Rates?
694 days Forbes: Aramco Remains Largest Company In The Middle East
696 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,096 days Could Crypto Overtake Traditional Investment?
1,101 days Americans Still Quitting Jobs At Record Pace
1,103 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,106 days Is The Dollar Too Strong?
1,106 days Big Tech Disappoints Investors on Earnings Calls
1,107 days Fear And Celebration On Twitter as Musk Takes The Reins
1,109 days China Is Quietly Trying To Distance Itself From Russia
1,109 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,113 days Crypto Investors Won Big In 2021
1,113 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,114 days Food Prices Are Skyrocketing As Putin’s War Persists
1,116 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,117 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,120 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,121 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,121 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,123 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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: Approaching The Key Resistance at 1.6260

By - Nov 25, 2013, 6:12 AM CST

GBP/USD is close to the key resistance at 1.6260. An initial support can be found at 1.6177 (22/11/2013 low). Other supports can be found at 1.6109 (intraday low, see also the rising channel) and 1.6073.

In the medium-term, prices are moving within the horizontal range defined by the support at 1.5894/1.5855 and the resistance at 1.6260 (01/10/2013 high).

In the longer term, given the deep overbought conditions, we continue to see a limited upside potential near the resistance at 1.6260 (01/10/2013 high). A decisive break of the support at 1.5894 is needed to deteriorate the long-term technical structure.

Daily Technical Report