Thursday, October 15, 2026

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FxWirePro: GBP elicits support from hawkish Weale's comments, cable hits day's highs at 1.5470

GBP/USD sidelined in Asia to start the week after a slight gapdown open on the day Hawkish BOE comments at the weekend keep the pair supported, cable edged higher from day's lows at 1.5423 Weale said UK rates need to ris…

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

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  • GBP/USD sidelined in Asia to start the week after a slight gapdown open on the day

  • Hawkish BOE comments at the weekend keep the pair supported, cable edged higher from day's lows at 1.5423

  • Weale said UK rates need to rise "relatively soon", Weale & Forbes are likelt to join McCafferty in voting for UK rate hike in Q4

  • Cable currently trades at 1.5464, with immediate resistance at 1.5465 (21 DMA) ahead of 1.5476 (Daily High Sep 10)

  • On the downside supports are located at 1.5428 (Hourly Cloud Top) and then at 1.5408 (Hourly Cloud Base)

Resistance Levels:

R1: 1.5465 (21 DMA)

R2: 1.5476 (Daily High Sep 10)

R3: 1.5492 (50% of 1.5820 - 1.5164)

Support levels:

S1: 1.5428 (Hourly Cloud Top)

S2: 1.5408 (Hourly Cloud Base)

S3: 1.5351 (200 DMA)

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By FxWirePro Team