Friday, October 16, 2026

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GBP/USD - Some consolidation is the likely scenario

Stop profit came close, 1.4869 high. Stop at 1.4875. 1.4871 was yesterday's top 10 DMA also resistance by there. Hrlies still show scope for further gains Yesterday's price action tested lower levels but closed near its …

By Earlence Fernandes
1 min read
GBP/USD - Some consolidation is the likely scenario
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  • Stop profit came close, 1.4869 high. Stop at 1.4875. 1.4871 was yesterday's top

  • 10 DMA also resistance by there. Hrlies still show scope for further gains

  • Yesterday's price action tested lower levels but closed near its open

  • Doji formed on the candles

 

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