Commodity Prices

Gold •15 mins	2,340.20	-6.20	-0.26%
Platinum •15 mins	921.60	-9.70	-1.04%
WTI Crude •10 mins	83.26	+1.36	+1.66%
Gasoline •13 mins	2.726	+0.041	+1.51%
Ethanol •21 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.36	+0.11	+0.40%

Silver • 15 mins	27.36	+0.11	+0.40%
Copper • 15 mins	4.435	-0.042	-0.93%
Brent Crude • 10 mins	88.32	+1.32	+1.52%
Natural Gas • 10 mins	1.798	+0.007	+0.39%
Heating Oil • 11 mins	2.582	+0.022	+0.84%

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GBP/USD - Low Volatility

By - Jul 25, 2016, 6:11 AM CDT

GBP/USD is trading slightly higher. Yet, bullish pressures seems to fade. Expected to break lower symmetrical triangle and to target support at 1.2798 (06/07/2016 low). Hourly resistance is located at 1.3291 (22/07/2016 high). Stronger resistance at 1.3534 (29/06/2016 high) looks far.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

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