Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •15 mins	943.80	-10.70	-1.12%
WTI Crude •10 hours	83.14	+0.41	+0.50%
Gasoline •10 hours	2.710	-0.003	-0.13%
Ethanol •8 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.84	+0.46	+1.63%

Silver • 15 mins	28.84	+0.46	+1.63%
Copper • 15 mins	4.498	+0.061	+1.37%
Brent Crude • 9 hours	87.29	+0.18	+0.21%
Natural Gas • 10 hours	1.752	-0.005	-0.28%
Heating Oil • 10 hours	2.541	+0.007	+0.29%

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GBP/USD: Surge in Selling Pressure Last Friday

By - Jan 27, 2014, 5:03 AM CST

GBP/USD declined sharply last Friday, negating the positive implications of the recent new highs. Supports stand at 1.6451 (22/01/2014 low) and 1.6396 (20/01/2014 low). A resistance now lies at 1.6668 (24/01/2014 high).

The break of the major resistance area between 1.6381 and 1.6466 favours a further long-term rise towards the major resistance at 1.7043 (05/08/2009 high). Given the overall overbought conditions, a break of this level is unlikely in the next weeks. A key support stands at 1.6305 (25/12/2014 low).

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