Commodity Prices

Gold •15 mins	1,314.20	+7.70	+0.59%
Platinum •15 mins	867.70	+15.10	+1.77%
Bitcoin •1 min	4,027.76	+29.51	+0.74%
WTI Crude •11 mins	60.18	+0.89	+1.50%
Gasoline •11 mins	1.894	+0.020	+1.04%
Silver •15 mins	15.51	+0.13	+0.87%

Silver • 15 mins	15.51	+0.13	+0.87%
Copper • 15 mins	2.940	+0.017	+0.56%
Ethereum • 1 min	138.08	-0.28	-0.21%
Brent Crude • 11 mins	68.22	+0.80	+1.19%
Natural Gas • 10 mins	2.831	-0.041	-1.43%

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GBP/USD - Sharp Decline

By - Jun 09, 2017, 6:15 AM CDT

GBP/USD has broken sharply hourly support given at 1.2757 (21/04/2017 low). Hourly resistance lies at 1.3046 (18/05/2017 high). Expected to show further decline.

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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