Friday, October 16, 2026

Technicals

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GBP/USD Stops tipped below 1.4799

Profit-taking on shorts helps inflate cable from 1.4802 early Europe low Ascent runs into resistance level 1.4863 1.4871 = 10DMA. More offers expected near 1.49 Prior profit-taking on shorts lifted cable from 1.4799 Frid…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Profit-taking on shorts helps inflate cable from 1.4802 early Europe low

  • Ascent runs into resistance level 1.4863

  • 1.4871 = 10DMA. More offers expected near 1.49

  • Prior profit-taking on shorts lifted cable from 1.4799 Friday

  • UK mortgage approvals rise to six-month high in Feb 

 

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