Commodity Prices

Gold •384 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,476.00	-19.70	-1.32%
WTI Crude •45 mins	66.36	-0.84	-1.25%
Gasoline •14 mins	2.106	-0.026	-1.23%
Ethanol •384 days	2.161	+0.000	+0.00%
Silver •384 days	30.82	+1.16	+3.92%

Silver • 384 days	30.82	+1.16	+3.92%
Copper • 384 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.82	-0.39	-0.56%
Natural Gas • 10 mins	3.251	-0.074	-2.23%
Heating Oil • 10 mins	2.457	-0.053	-2.10%

Headlines

768 days Will The ECB Continue To Hike Rates?
768 days Forbes: Aramco Remains Largest Company In The Middle East
770 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,170 days Could Crypto Overtake Traditional Investment?
1,175 days Americans Still Quitting Jobs At Record Pace
1,177 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,180 days Is The Dollar Too Strong?
1,180 days Big Tech Disappoints Investors on Earnings Calls
1,181 days Fear And Celebration On Twitter as Musk Takes The Reins
1,183 days China Is Quietly Trying To Distance Itself From Russia
1,183 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,187 days Crypto Investors Won Big In 2021
1,187 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,188 days Food Prices Are Skyrocketing As Putin’s War Persists
1,190 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,191 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,194 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,195 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,195 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,197 days Are NFTs About To Take Over Gaming?

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…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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