Commodity Prices

Gold •479 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,601.60	+4.90	+0.31%
WTI Crude •1 day	61.50	-0.29	-0.47%
Gasoline •1 day	1.923	-0.004	-0.22%
Ethanol •479 days	2.161	+0.000	+0.00%
Silver •479 days	30.82	+1.16	+3.92%

Silver • 479 days	30.82	+1.16	+3.92%
Copper • 479 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.94	-0.05	-0.08%
Natural Gas • 1 day	3.304	-0.040	-1.20%
Heating Oil • 1 day	2.403	+0.000	+0.00%

Headlines

863 days Will The ECB Continue To Hike Rates?
864 days Forbes: Aramco Remains Largest Company In The Middle East
866 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,265 days Could Crypto Overtake Traditional Investment?
1,270 days Americans Still Quitting Jobs At Record Pace
1,272 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,275 days Is The Dollar Too Strong?
1,275 days Big Tech Disappoints Investors on Earnings Calls
1,276 days Fear And Celebration On Twitter as Musk Takes The Reins
1,278 days China Is Quietly Trying To Distance Itself From Russia
1,278 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,282 days Crypto Investors Won Big In 2021
1,282 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,283 days Food Prices Are Skyrocketing As Putin’s War Persists
1,285 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,286 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,289 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,290 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,290 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,292 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 1.5736

By - Nov 27, 2014, 6:01 AM CST

GBP/USD has broken to the upside out of its horizontal range between the support at 1.5593 and the resistance at 1.5736. The implied shortterm upside is given by 1.5879. A key resistance stands at 1.5945. Hourly supports can be found at 1.5736 (previous resistance) and 1.5679 (26/11/2014 low).

In the longer term, the break of the support at 1.5855 (12/11/2013 low) confirms an underlying bearish trend. A conservative downside risk is given by a test of the support at 1.5423 (14/08/2013 low). Another support can be found at 1.5102 (02/08/2013 low). A key resistance lies at 1.5945 (11/11/2014 high, see also the declining channel).

Daily Technical Report