Thursday, October 15, 2026

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FxWirePro:GBP/USD pauses upside, downside risk remains

The GBP/USD pair traded as low as 1.4130 initially in the European session before bouncing towards 1.4167 levels. The pair remains vulnerable to uncertainty over whether Britain will stay in European Union. Currently the…

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

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  • The GBP/USD pair traded as low as 1.4130 initially in the European session before bouncing towards 1.4167 levels.
     
  • The pair remains vulnerable to uncertainty over whether Britain will stay in European Union.
     
  • Currently the cable is trading around 1.4178 levels, it is set to decline further towards 1.4100 and later towards 1.4070 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.3218, a break above this level would expose to cable to next resistance level at 1.4263.
     
  • To the downside major support can be seen at 1.4143, a break below will open the door towards next level at 1.4100.

    Resistance Levels

    R1: 1.3218 (38.2% Retracement Level)

    R2: 1.4263 (April 13th high)

    R3: 1.4300 (23.6% Retracement Level)

    Support Levels

    S1: 1.4143 (50% Retracement Level)

    S2: 1.4100 (Psychological levels)

    S3: 1.4070 (61.8% Retracement Level)

 

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By FxWirePro Team