Thursday, October 15, 2026

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FxWirePro: GBP/USD remains bullish as rally continues, eyes 1.4600 levels

GBP/USD rose towards higher levels on Thursday as sterling extended its gains against weaker dollar after Bank of England kept its interest unchanged. The pair rose in quick succession towards higher levels after BoE ann…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP/USD rose towards higher levels on Thursday as sterling extended its gains against weaker dollar after Bank of England kept its interest unchanged.
     
  • The pair rose in quick succession towards higher levels after BoE announcement, gaining more than 100pips to hit high at 1.4500 levels.
     
  • Currently the cable is trading around 1.4465 levels, it is set to advance further towards 1.4500 later towards 1.4580 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.4500, a break above this level would expose to cable to next resistance level at 1.4598.
     
  • To the downside immediate support can be seen at 1.4389, a break below will open the door towards next level at 1.4300.

    Resistance Levels

    R1: 1.4500 (50% Retracement Level)

    R2: 1.4598 (38.2% Retracement Level)

    R3: 1.4664 (Feb 4th high)

    Support Levels

    S1: 1.4389 (61.8% Retracement Level)

    S2: 1.4300 (Psychological levels)

    S3: 1.4265 (March 14th lows)

 

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By FxWirePro Team