"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,856.20 | -9.70 | -0.52% |
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Platinum •10 mins | 1,111.60 | -16.40 | -1.45% |
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WTI Crude •1 day | 52.27 | -0.86 | -1.62% |
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Gasoline •1 day | 1.549 | +0.001 | +0.05% |
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Ethanol •1 day | 1.600 | -0.033 | -2.02% |
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Silver •10 mins | 25.56 | -0.30 | -1.15% |
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Silver • 10 mins | 25.56 | -0.30 | -1.15% | |
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Copper • 10 mins | 3.626 | -0.022 | -0.59% | |
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Brent Crude • 1 day | 55.41 | -0.69 | -1.23% | |
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Natural Gas • 1 day | 2.446 | -0.045 | -1.81% | |
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Heating Oil • 1 day | 1.576 | -0.025 | -1.54% |
It’s a mistake to view…
This aging bull market may…
Stocks sold off last week…
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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