Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,373.50	+133.90	+5.98%
WTI Crude •16 hours	67.02	+1.81	+2.78%
Gasoline •16 hours	2.078	+0.046	+2.24%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	72.87	+2.03	+2.87%
Natural Gas • 16 hours	2.859	+0.032	+1.13%
Heating Oil • 16 hours	2.671	+0.058	+2.24%

Headlines

989 days Will The ECB Continue To Hike Rates?
989 days Forbes: Aramco Remains Largest Company In The Middle East
991 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,391 days Could Crypto Overtake Traditional Investment?
1,396 days Americans Still Quitting Jobs At Record Pace
1,398 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,401 days Is The Dollar Too Strong?
1,401 days Big Tech Disappoints Investors on Earnings Calls
1,402 days Fear And Celebration On Twitter as Musk Takes The Reins
1,404 days China Is Quietly Trying To Distance Itself From Russia
1,404 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,408 days Crypto Investors Won Big In 2021
1,408 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,409 days Food Prices Are Skyrocketing As Putin’s War Persists
1,411 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,412 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,415 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,416 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,416 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,418 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Feds Continue To Prop Up Equities Markets

The bull market of the…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

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