Thursday, October 15, 2026

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GBP/USD breaks major support 1.4200, decline till 1.4080 is possible

Major support - 1.4200 (trend line joining 1.4350 and 1.42443) The pair breaks major support 1.4200 and declined till 1.4193. It is currently trading around 1.42040. Short term trend is slightly weak as long as resistanc…

By Lis Howell
1 min read
GBP/USD breaks major support 1.4200, decline till 1.4080 is possible
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Major support - 1.4200 (trend line joining 1.4350 and 1.42443)

  • The pair breaks major support 1.4200 and declined till 1.4193. It is currently trading around 1.42040.
     
  • Short term trend is slightly weak as long as resistance 1.4280 holds.
     
  • On the lower side any break below 1.4200 will drag the pair down till 1.4140/1.40780.
     
  • Overall bearish invalidation only if it closes above 1.4580.

It is good to sell on rallies around 1.4195-1.4200 with SL around 1.4260 for the TP of 1.4080.

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