Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,154.00	+17.50	+1.54%
WTI Crude •10 mins	63.24	-0.13	-0.21%
Gasoline •10 mins	2.062	-0.001	-0.05%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.24	-0.10	-0.15%
Natural Gas • 11 mins	3.680	+0.003	+0.08%
Heating Oil • 15 mins	2.092	-0.003	-0.12%

Headlines

721 days Will The ECB Continue To Hike Rates?
722 days Forbes: Aramco Remains Largest Company In The Middle East
723 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,123 days Could Crypto Overtake Traditional Investment?
1,128 days Americans Still Quitting Jobs At Record Pace
1,130 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,133 days Is The Dollar Too Strong?
1,133 days Big Tech Disappoints Investors on Earnings Calls
1,134 days Fear And Celebration On Twitter as Musk Takes The Reins
1,136 days China Is Quietly Trying To Distance Itself From Russia
1,136 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,140 days Crypto Investors Won Big In 2021
1,140 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,141 days Food Prices Are Skyrocketing As Putin’s War Persists
1,143 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,144 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,147 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,148 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,148 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,150 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 1.6668

By - Feb 17, 2014, 5:11 AM CST

GBP/USD has broken the key resistance at 1.6668 (24/01/2014 high). The short-term technical structure remains positive as long as the support at 1.6693 (intraday low) holds. Another support can be found at 1.6600 (intraday low).

In the longer term, the technical structure favours a bullish bias as long as the support at 1.6220 (17/12/2013 low) holds. The decisive break of the resistance at 1.6668 opens the way for a move towards the major resistance at 1.7043 (05/08/2009 high). However, a sustainable move above that level is unlikely in the next few weeks.

Daily Technical Report