Commodity Prices

Gold •20 mins	2,320.80	-17.60	-0.75%
Platinum •20 mins	909.30	-6.50	-0.71%
WTI Crude •10 mins	82.86	+0.05	+0.06%
Gasoline •11 mins	2.741	+0.007	+0.25%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •20 mins	27.03	-0.32	-1.16%

Silver • 20 mins	27.03	-0.32	-1.16%
Copper • 20 mins	4.480	-0.007	-0.14%
Brent Crude • 10 mins	88.10	+0.08	+0.09%
Natural Gas • 10 mins	1.649	-0.004	-0.24%
Heating Oil • 11 mins	2.558	+0.008	+0.31%

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GBP/USD - Moving Below The Key Support at 1.6220

By - Sep 08, 2014, 5:13 AM CDT

GBP/USD continues its relentless decline, as can be seen by the move below the key support at 1.6220. Another support stands at 1.6000 (psychological threshold and 50% retracement). Hourly resistances can now be found at 1.6233 (intraday high) and 1.6340 (05/09/2014 high).

In the longer term, prices have collapsed after having reached 4-year highs. The breach of the key support at 1.6220 confirms persistent selling pressures and opens the way for further decline towards the strong support at 1.5855 (12/11/2013 low). A key resistance now stands at 1.6644.

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