Commodity Prices

Gold •15 mins	1,491.10	+2.40	+0.16%
Platinum •15 mins	897.70	-2.60	-0.29%
WTI Crude •11 mins	54.40	-0.30	-0.55%
Gasoline •11 mins	1.637	-0.002	-0.12%
Ethanol •50 mins	1.515	+0.008	+0.53%
Silver •15 mins	17.62	+0.08	+0.43%

Silver • 15 mins	17.62	+0.08	+0.43%
Copper • 15 mins	2.623	-0.006	-0.21%
Brent Crude • 11 mins	60.19	-0.32	-0.53%
Natural Gas • 11 mins	2.276	+0.062	+2.80%
Heating Oil • 16 mins	1.933	-0.008	-0.40%

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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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