Thursday, October 15, 2026

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FxWirePro: Sell GBP/USD on rallies around 1.5203-205 with SL of 1.5251 for the TP of 1.5135/1.5051

Cable has broken major support 1.5200 and declined till 1.5135 on Friday. It is currently trading at 1.5203. Short term trend is still weak as long as resistance 1.5250 holds. Any break above 1.5250 will take the pair to…

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

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  • Cable has broken major support 1.5200 and declined till 1.5135 on Friday. It is currently trading at 1.5203.

  • Short term trend is still weak as long as resistance 1.5250 holds.

  • Any break above 1.5250 will take the pair to next target 1.5285/1.5335 in short term.

  • On the downside  minor support is around 1.5180 and any break below targets 1.5135/1.5050.

It is good to sell on rallies around 1.5203-205 with SL of 1.5251 for the TP of 1.5135/1.5051

 

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By FxWirePro Team