Commodity Prices

Gold •400 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,345.80	-8.40	-0.62%
WTI Crude •10 mins	64.00	+0.12	+0.19%
Gasoline •10 mins	2.086	+0.009	+0.43%
Ethanol •400 days	2.161	+0.000	+0.00%
Silver •400 days	30.82	+1.16	+3.92%

Silver • 400 days	30.82	+1.16	+3.92%
Copper • 400 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.68	+0.25	+0.38%
Natural Gas • 10 mins	3.015	-0.052	-1.70%
Heating Oil • 10 mins	2.294	+0.028	+1.22%

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GBP/USD - Potential False Breakout of The Resistance at 1.5490?

By - May 11, 2015, 5:41 AM CDT

GBP/USD has breached the resistance at 1.5490 (29/04/2015 high), but has thus far failed to hold above it, suggesting a potential false breakout. Hourly support lies can be located at 1.5407 (intraday low). Another strong resistances can be found at 1.5552 (26/02/2015).

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). Key resistance stands at 1.5552 (26/02/2015 high).

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