Friday, October 16, 2026

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Cable threatens 10DMA at 1.4790 after more shorts squeezed

GBP/USD eyes 10DMA after more shorts squeezed Pair threatens 1.4790 after 1.4740 break spurs further short-covering 1.4740 was Apr 1 low. 1.4790 = 10DMA. 1.48 resistance beyond Demand ahead of 1.48 based cable losses sev…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP/USD eyes 10DMA after more shorts squeezed

  • Pair threatens 1.4790 after 1.4740 break spurs further short-covering

  • 1.4740 was Apr 1 low. 1.4790 = 10DMA. 1.48 resistance beyond

  • Demand ahead of 1.48 based cable losses seven days ago (Apr 7)

  • 1.47 was pullback low from initial post-US data high of 1.4735

  • 1.4604 was London am low. 1.4567 was Monday's 5yr low

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