Commodity Prices

Gold •20 mins	2,334.50	-7.60	-0.32%
Platinum •20 mins	913.60	-9.20	-1.00%
WTI Crude •10 mins	82.98	-0.38	-0.46%
Gasoline •15 mins	2.735	+0.010	+0.37%
Ethanol •1 hour	2.161	+0.000	+0.00%
Silver •20 mins	27.29	-0.08	-0.28%

Silver • 20 mins	27.29	-0.08	-0.28%
Copper • 20 mins	4.486	+0.026	+0.57%
Brent Crude • 10 mins	88.21	-0.21	-0.24%
Natural Gas • 10 mins	1.647	-0.165	-9.11%
Heating Oil • 13 mins	2.556	-0.024	-0.92%

Headlines

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

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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 - Bullish Breakout

By - Nov 11, 2016, 7:11 AM CST

GBP/USD has broken resistance at 1.2557 (04/11/2016 high) while hourly support is given at 1.2354 (09/11/2016 low). Strong resistance stands far away at 1.2771 (05/10/2016 high). The shortterm technical structure suggest further strengthening.

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