Commodity Prices

Gold •10 mins	1,909.70	-10.10	-0.53%
Platinum •10 mins	907.70	-6.50	-0.71%
WTI Crude •10 mins	92.09	+1.70	+1.88%
Gasoline •11 mins	2.600	+0.038	+1.47%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.05	-0.15	-0.65%

Silver • 10 mins	23.05	-0.15	-0.65%
Copper • 10 mins	3.637	-0.013	-0.34%
Brent Crude • 10 mins	95.44	+1.48	+1.58%
Natural Gas • 10 mins	2.710	+0.054	+2.03%
Heating Oil • 10 mins	3.220	-0.004	-0.11%

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GBP/USD - Bullish Breakout

By - Nov 11, 2016, 7:11 AM CST

GBP/USD has broken resistance at 1.2557 (04/11/2016 high) while hourly support is given at 1.2354 (09/11/2016 low). Strong resistance stands far away at 1.2771 (05/10/2016 high). The shortterm technical structure suggest further strengthening.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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