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June 15 - According to the Missouri Highway Patrol, a plane crashed in Butler, Missouri, at approximately 11:35 a.m. local time on June 14, killing all 12 people on board. The P750 aircraft, carrying 11 parachutists and one pilot, had just taken off from Butler Memorial Airport. The National Transportation Safety Board will lead the investigation into the cause of the crash and will release further updates.According to sources who spoke to Israels Jerusalem Post, Iran is considering suspending its missile launches against Israel.On June 15th, former Israeli Ambassador to the US, Aaron Pincus, stated that Iran has become stronger and more confident since the war, and the regional balance facing Israel has clearly shifted unfavorably. He pointed out that by mid-June 2026, Iran will be geopolitically exponentially stronger than it was on the day the war broke out (February 28th), and has altered the regional balance during the war. Pincus warned that Iran has "upended the strategic balance," not only attacking the Arab Gulf states but also driving a wedge between Israel and the United States. He stated that how the post-war balance of power between Israel and Iran will develop remains to be seen, but "it will certainly be different from what it was in February, and less favorable to Israel than before."On June 15, the Iranian Foreign Ministry strongly condemned the Israeli regimes terrorist act of military aggression against a residential area in the southern suburbs of Beirut this afternoon (June 14). The attack has resulted in casualties among Lebanese citizens. The Iranian Foreign Ministry stated that this terrorist crime not only blatantly violated Lebanons national sovereignty and territorial integrity but also seriously contravened the ceasefire understanding reached between Iran and the United States on April 8. Iran reiterated that the US government bears direct responsibility for the Israeli regimes crimes and repeated violations of the ceasefire, and emphasized that it will take all necessary measures to exercise its legitimate right to self-defense. Iran warned that the dangerous consequences of the Israeli regimes frivolous actions on regional peace and security should be borne by the United States and the Israeli regime.Iranian Parliament Speaker: The enemy can never defeat any resistance front alone.

GBP/USD Price Analysis: Breaking Crucial Resistance at 1.2260

Alina Haynes

May 16, 2022 11:00

In the early Tokyo session, the GBP/USD pair is oscillating in a tight range between 1.2236 and 1.2266. After hitting a low of 1.2173 on Friday, the asset has been gradually ascending as risk-perceived currencies attracted strong interest.

 

A break to the upside of the cable from its prior range of 1.2173 to 1.2248 has strengthened the pound versus the dollar. The pair is hanging near the important horizontal resistance established by the high reached on May 9 at 1.2262. The trendline drawn from the March 5 high of 1.2663 and the previous week's high of 1.2400 will operate as a formidable barrier in the near future.

 

A sustained move above the 50-period Exponential Moving Average (EMA) at 1.2233 is bullish for the currency pair. However, the asset remains below the 200-day exponential moving average (EMA) at 1.2340, indicating that a downward tendency persists.

 

The momentum oscillator, Relative Strength Index (RSI), (14) oscillates between 40.00 and 60.00, indicating a lack of direction heading ahead.

 

If the asset surpasses the previously mentioned trendline at 1.2300, investors should consider a positive move. This will lead the asset in the direction of the previous week's peak at 1.2400, followed by the May 9 peak at 1.2662.

 

Alternatively, dollar bulls could reclaim control if the asset falls below Friday's low of 1.2173, sending it towards the 18 May 2020 low of 1.2075. A violation of the latter will drag the cable to the high of 1.1973 on March 25, 2020.

GBP/USD Chart Hourly

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