Commodity Prices

Gold •15 mins	1,283.60	-1.80	-0.14%
Platinum •15 mins	802.90	+3.40	+0.43%
Bitcoin •1 min	7,962.78	-27.48	-0.34%
WTI Crude •1 day	58.63	+0.72	+1.24%
Gasoline •1 day	1.913	+0.022	+1.17%
Silver •15 mins	14.56	-0.06	-0.40%

Silver • 15 mins	14.56	-0.06	-0.40%
Copper • 15 mins	2.700	+0.019	+0.71%
Ethereum • 1 min	247.37	-4.24	-1.68%
Brent Crude • 1 day	67.47	+0.97	+1.46%
Natural Gas • 1 day	2.611	+0.019	+0.73%

Headlines

5 hours The True Cost Of Opportunity In America
11 hours Why Investors Shouldn't Ignore Gold Stocks
1 day Facebook Scrubs Over 2 Billion Fake Accounts
1 day Dow Scrambles To Avoid Fifth Straight Weekly Loss
2 days Is This The World’s First Truly Democratic Stock Exchange?
2 days India’s Wealthiest Set To Hold $23 Trillion By 2028
2 days First Quarter Profits Slip For World's Top Oil Companies
3 days The Yuan May Be China's Biggest Weakness
3 days Hedge Funds Having A Banner Year
3 days Disney Heiress Asks “Is There Such A Thing As Too Much?”
3 days BHP Turns Bullish On EVs
4 days Investors Turn Bullish On America’s Nuclear Decommissioning Business
4 days The $90M Inflatable Rabbit Redefining Modern Art
4 days Huawei’s Fate In The Air
4 days Tesla Slashes Prices Again
5 days The Modern History Of Financial Entropy
5 days Italy’s Central Bank Embraces Sustainable Investing
5 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
5 days Researchers Push To Limit Space Mining
6 days Could China Start Dumping U.S. Treasury Bonds?

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How Millennials Are Reshaping Real Estate

The real estate market is…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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