Commodity Prices

Gold •10 mins	1,508.80	-4.60	-0.30%
Platinum •10 mins	937.80	-6.40	-0.68%
WTI Crude •11 mins	58.88	-0.46	-0.78%
Gasoline •11 mins	1.635	-0.014	-0.84%
Ethanol •11 hours	1.378	-0.020	-1.43%
Silver •10 mins	17.93	-0.22	-1.19%

Silver • 10 mins	17.93	-0.22	-1.19%
Copper • 10 mins	2.612	-0.015	-0.57%
Brent Crude • 11 mins	63.26	-0.30	-0.47%
Natural Gas • 11 mins	2.679	+0.011	+0.41%
Heating Oil • 11 mins	1.979	-0.010	-0.50%

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GBP/USD - Heading Towards 50% Fibonacci Retracement

By - Oct 28, 2015, 6:14 AM CDT

GBP/USD is declining. Support lies at the 50% Fibonacci retracement and stronger support can be found at 1.5202 (13/10/2015 low). Hourly resistance is given at 1.5529 (18/09/2015 high). A long as prices remain in the above range, there is no clear mid-term momentum.

In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.

Daily Technical Report