Commodity Prices

Gold •10 mins	1,312.30	+5.00	+0.38%
Platinum •10 mins	848.40	-12.70	-1.47%
Bitcoin •1 min	3,966.81	-28.68	-0.72%
WTI Crude •1 day	59.04	-0.94	-1.57%
Gasoline •1 day	1.890	-0.004	-0.21%
Silver •10 mins	15.41	-0.03	-0.19%

Silver • 10 mins	15.41	-0.03	-0.19%
Copper • 10 mins	2.843	-0.064	-2.19%
Ethereum • 1 min	136.14	-0.66	-0.48%
Brent Crude • 1 day	66.75	-0.92	-1.36%
Natural Gas • 1 day	2.767	-0.060	-2.12%

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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).

Daily Technical Report