Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,371.80	-4.80	-0.35%
WTI Crude •11 mins	63.75	-0.30	-0.47%
Gasoline •13 mins	2.016	-0.013	-0.62%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.68	-0.27	-0.40%
Natural Gas • 11 mins	3.063	-0.037	-1.19%
Heating Oil • 11 mins	2.339	-0.016	-0.66%

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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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