Commodity Prices

Gold •10 mins	1,473.60	-0.70	-0.05%
Platinum •10 mins	913.50	+1.20	+0.13%
WTI Crude •11 mins	55.63	+0.28	+0.51%
Gasoline •11 mins	1.607	+0.009	+0.57%
Ethanol •12 hours	1.404	-0.010	-0.71%
Silver •10 mins	17.06	-0.06	-0.34%

Silver • 10 mins	17.06	-0.06	-0.34%
Copper • 10 mins	2.661	+0.004	+0.15%
Brent Crude • 11 mins	61.29	+0.38	+0.62%
Natural Gas • 11 mins	2.617	+0.041	+1.59%
Heating Oil • 11 mins	1.869	+0.014	+0.73%

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GBP/USD - Declining

By - Jun 05, 2015, 5:50 AM CDT

GBP/USD has tested the resistance at 1.5437 (27/05/2015 high) and is now bouncing on the hourly support at 1.5171 (01/06/2015). Stronger support is given by the declining channel at around 1.5089 (05/05/2015 low).

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

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