Commodity Prices

Gold •15 mins	1,866.00	-13.60	-0.72%
Platinum •15 mins	1,165.50	+14.40	+1.25%
WTI Crude •11 mins	71.30	+0.39	+0.55%
Gasoline •10 mins	2.180	-0.006	-0.27%
Ethanol •2 days	2.460	+0.000	+0.00%
Silver •15 mins	28.07	-0.08	-0.27%

Silver • 15 mins	28.07	-0.08	-0.27%
Copper • 15 mins	4.529	-0.009	-0.20%
Brent Crude • 11 mins	73.16	+0.47	+0.65%
Natural Gas • 10 mins	3.294	-0.002	-0.06%
Heating Oil • 10 mins	2.122	+0.002	+0.07%

Headlines

6 mins El Salvador’s Surprise Bitcoin Move
3 days Markets Unfazed As Inflation Hits 13-Year High
4 days How the Token Economy is Disrupting Financial Markets
6 days FBI Investigating 100 Types Of Ransomware Attacks
8 days Fed Ends Corporate Credit Emergency Lending Program
10 days AMC Becomes the Latest Winning Meme Stock After GameStop
11 days The Real Reason Your 401k Has Been Lagging
12 days China Lifts Cap On Births, Allows Three Children Per Couple
14 days The Market Is Ripe For Another GameStop Saga
17 days Senate Grills Big Banks Over Pandemic Opportunism
18 days Cannabis Has A Major Cash Problem
19 days Ransomware Netted Criminals $350M In 2020 Alone
20 days Russia Is Taking On Google
21 days Chinese Regulators Deal Another Big Blow To Bitcoin
22 days Ohio Residents Brave Vaccine for Chance To Win $1M
24 days Inflation Is Coming. Are You Prepared?
25 days Travel Might Get Another Supersonic Disruption
26 days The World Is Running Out Of 6 Key Resources
27 days $15/Hour Minimum Wage Might Happen Naturally
29 days Money-Laundering Binance Probe Report Adds To Bitcoin Woes

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 - Trading At +30-Year Lows

By - Jul 06, 2016, 6:30 AM CDT

GBP/USD keeps on declining and is trading at levels unseen in more than 30 years. The pair has broken hourly support lies at 1.3121 (27/06/2016 low) and hourly resistance is given at 1.3534 (29/06/2016 high). Uncertainties are important on the market, we cannot rule out further decline.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

Daily Technical Report