Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: GBP/USD faces strong resistance around 1.5260, good to sell on rallies

Cable is consolidating between narrow range between 1.5265 and 1.51740. It is currently trading at 1.5200. Short term trend is bullish as long as support 1.5170 holds. Any break below 1.5170 will drag the pair further do…

By Lis Howell
1 min read
FxWirePro: GBP/USD faces strong resistance around 1.5260, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • Cable is consolidating between narrow range between 1.5265 and 1.51740.  It is currently trading at 1.5200.
     
  • Short term trend is bullish as long as support 1.5170 holds. Any break below 1.5170 will drag the pair further down till 1.5130/1.5080.
     
  • On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360 level.

It is good to buy at dips around 1.5210 with SL around 1.5260 for the TP of 1.5130

 

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