Commodity Prices

Gold •339 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,168.10	+31.60	+2.78%
WTI Crude •1 day	64.58	+1.21	+1.91%
Gasoline •1 day	2.077	+0.014	+0.67%
Ethanol •339 days	2.161	+0.000	+0.00%
Silver •339 days	30.82	+1.16	+3.92%

Silver • 339 days	30.82	+1.16	+3.92%
Copper • 339 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.47	+1.13	+1.73%
Natural Gas • 1 day	3.784	+0.107	+2.91%
Heating Oil • 1 day	2.125	+0.031	+1.47%

Headlines

724 days Will The ECB Continue To Hike Rates?
724 days Forbes: Aramco Remains Largest Company In The Middle East
726 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,126 days Could Crypto Overtake Traditional Investment?
1,131 days Americans Still Quitting Jobs At Record Pace
1,133 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,136 days Is The Dollar Too Strong?
1,136 days Big Tech Disappoints Investors on Earnings Calls
1,137 days Fear And Celebration On Twitter as Musk Takes The Reins
1,139 days China Is Quietly Trying To Distance Itself From Russia
1,139 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,143 days Crypto Investors Won Big In 2021
1,143 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,144 days Food Prices Are Skyrocketing As Putin’s War Persists
1,146 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,147 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,150 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,151 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,151 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,153 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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 of The Key Resistance at 1.5274

By - Feb 06, 2015, 1:44 PM CST

GBP/USD has broken the key resistance at 1.5274 (06/01/2015 high). Even if the declining trendline remains thus far intact, further strength towards the resistance at 1.5486 is favoured. Hourly supports stand at 1.5251 (04/02/2015 high) and 1.5139 (04/02/2015 low).

In the longer term, the break of the key resistance at 1.5274 (06/01/2015 high) suggests renewed buying interest. Upside potential are likely given by the resistances at 1.5620 (31/12/2014 high) and 1.5826 (27/11/2014 high). The strong support at 1.4814 should cap the medium-term downside risks.

Daily Technical Report