Commodity Prices

Gold •10 mins	1,306.50	+5.00	+0.38%
Platinum •10 mins	840.40	+6.40	+0.77%
Bitcoin •1 min	3,964.98	-19.47	-0.49%
WTI Crude •11 mins	59.58	+0.20	+0.34%
Gasoline •12 mins	1.872	+0.005	+0.29%
Silver •10 mins	15.39	+0.07	+0.44%

Silver • 10 mins	15.39	+0.07	+0.44%
Copper • 10 mins	2.939	+0.030	+1.03%
Ethereum • 1 min	137.82	-0.30	-0.21%
Brent Crude • 11 mins	67.85	+0.31	+0.46%
Natural Gas • 10 mins	2.870	+0.014	+0.49%

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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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