Commodity Prices

Gold •10 mins	1,316.10	+14.40	+1.11%
Platinum •10 mins	874.70	+15.10	+1.76%
Bitcoin •1 min	4,031.90	+15.34	+0.38%
WTI Crude •11 mins	60.08	-0.15	-0.25%
Gasoline •11 mins	1.892	-0.005	-0.27%
Silver •10 mins	15.54	+0.22	+1.42%

Silver • 10 mins	15.54	+0.22	+1.42%
Copper • 10 mins	2.923	+0.002	+0.05%
Ethereum • 1 min	137.85	-0.67	-0.49%
Brent Crude • 11 mins	68.12	-0.15	-0.22%
Natural Gas • 11 mins	2.813	-0.012	-0.42%

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GBP/USD - Riding the Uptrend Channel

By - Aug 26, 2015, 9:57 AM CDT

GBP/USD has shifted into a consolidation pattern after slight bullish recovery. However, drift lower indicates persistent selling pressure. Stronger support is given at the 38.2% Fibonacci retracement at 1.5409. Hourly resistance is given at 1.5803 (01/07/2015 high). The short-term structure shows an upside momentum.

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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