Thursday, October 15, 2026

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Cable breaks major resistance 1.3185, targets 1.3310

Major intraday support - 1.3120 (34 H EMA) GBP/USD has broken major resistance 1.3185 and a jump till 1.3310 (23.6% retracement of 1.51086 and 1.27893) is possible. Any break above 1.3185 confirms minor trend reversal, a…

By FxWirePro Team
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Cable breaks major resistance 1.3185, targets 1.3310
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  • Major intraday support - 1.3120 (34 H EMA)
     
  • GBP/USD has broken major resistance 1.3185 and a jump till 1.3310 (23.6% retracement of 1.51086 and 1.27893) is possible.
     
  • Any break above 1.3185 confirms minor trend reversal, a minor weakness can be seen only below 1.31000.The minor support is around 1.3120
     
  • Overall weakness only below 1.3000 level.

It is good to buy on dips around 1.3185 with SL around 1.3100 for the TP of 1.3310

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By FxWirePro Team