Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,416.00	+3.50	+0.25%
WTI Crude •10 mins	66.91	+0.34	+0.51%
Gasoline •11 mins	2.159	+0.006	+0.28%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.92	+0.28	+0.41%
Natural Gas • 10 mins	3.368	+0.031	+0.93%
Heating Oil • 10 mins	2.395	+0.012	+0.49%

Headlines

756 days Will The ECB Continue To Hike Rates?
757 days Forbes: Aramco Remains Largest Company In The Middle East
758 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,158 days Could Crypto Overtake Traditional Investment?
1,163 days Americans Still Quitting Jobs At Record Pace
1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,168 days Is The Dollar Too Strong?
1,168 days Big Tech Disappoints Investors on Earnings Calls
1,169 days Fear And Celebration On Twitter as Musk Takes The Reins
1,171 days China Is Quietly Trying To Distance Itself From Russia
1,171 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,175 days Crypto Investors Won Big In 2021
1,175 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,176 days Food Prices Are Skyrocketing As Putin’s War Persists
1,178 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,182 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,183 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,183 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,185 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 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