Friday, October 16, 2026

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GBP/USD breaks major support 1.5000, targets 1.4900

Cable has broken major support 1.5000 and is currently trading around 1.49960 level. Short term trend is weak as long as resistance 1.5060 holds. Any break above 1.5060 will take the pair to next level 1.5100/1.5160. Ove…

By Lis Howell
1 min read
GBP/USD breaks major support 1.5000, targets 1.4900
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  • Cable has broken major support 1.5000 and is currently trading around 1.49960 level. Short term trend is weak as long as resistance 1.5060 holds.
     
  • Any break above 1.5060 will take the pair to next level 1.5100/1.5160.
     
  •  Overall trend reversal only above 1.5160 level.
     
  • On the downside major support is around 1.4980 and break below targets 1.4900/1.4880 level.

It is good to sell on rallies around 1.5000-1.50025 with SL around 1.5060 for the TP of 1.4910/1.4885           

 

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