Commodity Prices

Gold •15 mins	1,318.90	+17.20	+1.32%
Platinum •15 mins	872.00	+12.40	+1.44%
Bitcoin •1 min	4,044.33	+62.60	+1.57%
WTI Crude •11 mins	60.12	-0.11	-0.18%
Gasoline •14 mins	1.894	-0.004	-0.20%
Silver •15 mins	15.61	+0.29	+1.87%

Silver • 15 mins	15.61	+0.29	+1.87%
Copper • 15 mins	2.950	+0.029	+0.99%
Ethereum • 1 min	139.24	+1.49	+1.08%
Brent Crude • 11 mins	68.29	+0.02	+0.03%
Natural Gas • 11 mins	2.835	+0.010	+0.35%

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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.

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