Commodity Prices

Gold •517 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,654.10	+3.90	+0.24%
WTI Crude •10 mins	59.52	+0.88	+1.50%
Gasoline •11 mins	1.849	+0.019	+1.03%
Ethanol •517 days	2.161	+0.000	+0.00%
Silver •517 days	30.82	+1.16	+3.92%

Silver • 517 days	30.82	+1.16	+3.92%
Copper • 517 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	63.27	+0.82	+1.31%
Natural Gas • 11 mins	4.942	+0.102	+2.11%
Heating Oil • 12 mins	2.308	-0.005	-0.22%

Headlines

902 days Will The ECB Continue To Hike Rates?
902 days Forbes: Aramco Remains Largest Company In The Middle East
904 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,304 days Could Crypto Overtake Traditional Investment?
1,309 days Americans Still Quitting Jobs At Record Pace
1,311 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,314 days Is The Dollar Too Strong?
1,314 days Big Tech Disappoints Investors on Earnings Calls
1,315 days Fear And Celebration On Twitter as Musk Takes The Reins
1,316 days China Is Quietly Trying To Distance Itself From Russia
1,317 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,321 days Crypto Investors Won Big In 2021
1,321 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,322 days Food Prices Are Skyrocketing As Putin’s War Persists
1,324 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,325 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,328 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,329 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,329 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,331 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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