Commodity Prices

Gold •400 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,341.40	-12.80	-0.95%
WTI Crude •10 mins	64.20	+0.32	+0.50%
Gasoline •10 mins	2.094	+0.017	+0.81%
Ethanol •400 days	2.161	+0.000	+0.00%
Silver •400 days	30.82	+1.16	+3.92%

Silver • 400 days	30.82	+1.16	+3.92%
Copper • 400 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.84	+0.41	+0.62%
Natural Gas • 10 mins	3.006	-0.061	-1.99%
Heating Oil • 10 mins	2.289	+0.023	+0.99%

Headlines

785 days Will The ECB Continue To Hike Rates?
785 days Forbes: Aramco Remains Largest Company In The Middle East
787 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,187 days Could Crypto Overtake Traditional Investment?
1,192 days Americans Still Quitting Jobs At Record Pace
1,194 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,197 days Is The Dollar Too Strong?
1,197 days Big Tech Disappoints Investors on Earnings Calls
1,198 days Fear And Celebration On Twitter as Musk Takes The Reins
1,200 days China Is Quietly Trying To Distance Itself From Russia
1,200 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,204 days Crypto Investors Won Big In 2021
1,204 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,205 days Food Prices Are Skyrocketing As Putin’s War Persists
1,207 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,208 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,211 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,212 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,212 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,214 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Breaching Support at 1.6258

By - Dec 18, 2013, 6:22 AM CST

GBP/USD has moved below the support at 1.6258 but has failed to make a daily close below it. Monitor the subsequent bounce. Hourly resistances are at 1.6349 (16/12/2013 high) and 1.6418 (12/12/2013 high). An initial support now stands at 1.6220 (17/12/2013 low). Another support lies at 1.6134.

In the longer-term, we need to see a decisive break of the major resistance at 1.6381 to open the way for a further long-term rise towards the strong resistance at 1.7043 (05/08/2009 high).

Daily Technical Report