Friday, October 16, 2026

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FxWirePro: Buy GBP/USD only above 1.5500 with SL around 1.5450 for the TP of 1.5580/1.5600

GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5658 and 1.5585) and any break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible. On the downside minor support …

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5658 and 1.5585) and any break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible.

  • On the downside minor support is around 1.5450 and break below targets 1.5430/1.5400.
     
  • Overall bullish invalidation only below 1.5400 level.

It is good to buy only above 1.5500 with SL around 1.5450 for the TP of 1.5580/1.5600     

 

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By FxWirePro Team