"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 8 hours Why Are Investors Overlooking Gold Stocks?
  • 9 hours The App That Democratized Trading Is Now Worth $5B
  • 10 hours Super-Cycles: Why Gold Is Set For A Breakout
  • 11 hours U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 12 hours Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 13 hours How Low Can Bitcoin Go?
  • 14 hours Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 16 hours Is Barrick Gold Close To Finding A Bottom?
  • 1 day Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 1 day China: The Land Of The Ultra-Rich
  • 1 day Alibaba Soars On Reports Of China Listing
  • 1 day What Killed Toys ‘R’ Us?
  • 1 day SEC And IRS Take An Aggressive Stance On Cryptocurrencies
  • 2 days Bears And Bulls Face Off In Gold Markets
  • 2 days Bitcoin Is Winning Over The Housing Market
  • 2 days Markets Slide Sideways As Trade War Fears Linger
  • 2 days Why Aren’t Millennials Investing?
  • 2 days Bitcoin And Banking: The Next Mobile Payment Revolution
  • 2 days SEC Cracks Down On Silicon Valley’s “Disruptive Tech”
  • 2 days Wyoming Eliminates All Taxation On Gold And Silver
Why Is U.S. Wage Growth Slowing?

Why Is U.S. Wage Growth Slowing?

Markets rallied on news showing…

The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

MIG Bank

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

GBP/USD - Sliding To 6-Year Low

GBP/USD is weakening and is now trading below 1.4500. Hourly resistance is given at 1.5242 (13/12/2015 high). Stronger resistance can be found at 1.5336 (19/11/2015 high). Expected to show continued weakness.

The long-term technical pattern is negative and favours a further decline towards the key support at 1.4231 (20/05/2010 low), as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200 day moving average). However, the general oversold conditions and the recent pick-up in buying interest pave the way for a rebound.

Daily Technical Report


Read the Report

Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter