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Gold •15 mins	1,518.40	+18.90	+1.26%
Platinum •15 mins	957.20	+5.00	+0.53%
WTI Crude •11 mins	61.15	+6.30	+11.49%
Gasoline •10 mins	1.704	+0.169	+10.99%
Ethanol •2 days	1.356	+0.010	+0.74%
Silver •15 mins	17.84	+0.27	+1.54%

Silver • 15 mins	17.84	+0.27	+1.54%
Copper • 15 mins	2.691	-0.009	-0.31%
Brent Crude • 11 mins	68.00	+7.78	+12.92%
Natural Gas • 10 mins	2.666	+0.052	+1.99%
Heating Oil • 10 mins	2.057	+0.179	+9.53%

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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