Commodity Prices

Gold •169 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	929.60	+6.10	+0.66%
WTI Crude •10 mins	68.63	-0.75	-1.08%
Gasoline •12 mins	1.905	-0.018	-0.92%
Ethanol •169 days	2.161	+0.000	+0.00%
Silver •169 days	30.82	+1.16	+3.92%

Silver • 169 days	30.82	+1.16	+3.92%
Copper • 169 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.14	-0.74	-1.02%
Natural Gas • 10 mins	3.653	+0.069	+1.93%
Heating Oil • 17 mins	2.209	-0.028	-1.26%

Headlines

554 days Will The ECB Continue To Hike Rates?
554 days Forbes: Aramco Remains Largest Company In The Middle East
556 days Caltech Scientists Succesfully Beam Back Solar Power From Space
956 days Could Crypto Overtake Traditional Investment?
961 days Americans Still Quitting Jobs At Record Pace
963 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
966 days Is The Dollar Too Strong?
966 days Big Tech Disappoints Investors on Earnings Calls
967 days Fear And Celebration On Twitter as Musk Takes The Reins
968 days China Is Quietly Trying To Distance Itself From Russia
969 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
973 days Crypto Investors Won Big In 2021
973 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
974 days Food Prices Are Skyrocketing As Putin’s War Persists
976 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
977 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
980 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
981 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
981 days Two ETFs That Could Hedge Against Extreme Market Volatility
983 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…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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