Commodity Prices

Gold •356 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,315.30	+10.80	+0.83%
WTI Crude •10 mins	65.07	+0.70	+1.09%
Gasoline •11 mins	2.104	+0.018	+0.86%
Ethanol •356 days	2.161	+0.000	+0.00%
Silver •356 days	30.82	+1.16	+3.92%

Silver • 356 days	30.82	+1.16	+3.92%
Copper • 356 days	4.530	+0.111	+2.51%
Brent Crude • 36 mins	67.14	-4.34	-6.07%
Natural Gas • 11 mins	3.542	+0.005	+0.14%
Heating Oil • 11 mins	2.317	+0.032	+1.41%

Headlines

740 days Will The ECB Continue To Hike Rates?
741 days Forbes: Aramco Remains Largest Company In The Middle East
742 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,142 days Could Crypto Overtake Traditional Investment?
1,147 days Americans Still Quitting Jobs At Record Pace
1,149 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,152 days Is The Dollar Too Strong?
1,152 days Big Tech Disappoints Investors on Earnings Calls
1,153 days Fear And Celebration On Twitter as Musk Takes The Reins
1,155 days China Is Quietly Trying To Distance Itself From Russia
1,155 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,159 days Crypto Investors Won Big In 2021
1,159 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,160 days Food Prices Are Skyrocketing As Putin’s War Persists
1,162 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,163 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,166 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,167 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,167 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,169 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Bearish Breakout

By - Sep 14, 2016, 6:13 AM CDT

GBP/USD is moving lower. The pair has broken support implied by the lower bound of the uptrend channel. Hourly resistance is given at 1.3445 (06/09/2016 high). Key resistance is given at 1.3534 (29/06/2016 high). Hourly support is given at 1.3236 (12/09/2016 low). Expected to further increase.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

Daily Technical Report