Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: GBP/USD breaks minor trend line support, good to sell on rallies

Cable has broken major trend line support around 1.5300 (trend line joining 1.5106 and 1.5199) and break below confirms short term weakness, a decline till 1.5260/1.5200 is possible. On the higher side major trend revers…

By Lis Howell
1 min read
FxWirePro: GBP/USD breaks minor trend line support, good to sell on rallies
Image from the original EconoTimes article

Read the original article

Cable has broken major trend line support around 1.5300 (trend line joining 1.5106 and 1.5199) and break below confirms short term weakness, a decline till 1.5260/1.5200 is possible.

  • On the higher side major trend reversal only above 1.5350.
  • Any break above 1.5350 will take the pair to next level till 1.5380/1.5435.
  • Overall trend reversal only above 1.5380 level.

It is good to sell on rallies around 1.5320-25 with SL around 1.5360 for the TP of 1.5260/1.5200.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team