Commodity Prices

Gold •751 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,604.10	-4.70	-0.29%
WTI Crude •10 hours	89.31	-2.88	-3.12%
Gasoline •10 hours	3.396	-0.101	-2.87%
Ethanol •751 days	2.161	+0.000	+0.00%
Silver •751 days	30.82	+1.16	+3.92%

Silver • 751 days	30.82	+1.16	+3.92%
Copper • 751 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	96.78	-3.91	-3.88%
Natural Gas • 10 hours	2.871	-0.045	-1.54%
Heating Oil • 10 hours	4.181	-0.161	-3.71%

Headlines

1,136 days Will The ECB Continue To Hike Rates?
1,136 days Forbes: Aramco Remains Largest Company In The Middle East
1,138 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,538 days Could Crypto Overtake Traditional Investment?
1,542 days Americans Still Quitting Jobs At Record Pace
1,544 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,547 days Is The Dollar Too Strong?
1,548 days Big Tech Disappoints Investors on Earnings Calls
1,549 days Fear And Celebration On Twitter as Musk Takes The Reins
1,550 days China Is Quietly Trying To Distance Itself From Russia
1,551 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,555 days Crypto Investors Won Big In 2021
1,555 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,556 days Food Prices Are Skyrocketing As Putin’s War Persists
1,558 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,558 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,562 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,562 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,563 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,565 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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