Friday, October 16, 2026

Technicals

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GBP/USD broke below 1.49 handle

Pair has dropped over a cent since early Asia test of 1.4989 (Fri high) 1.4856 is 50% retracement of Friday's rally from 1.4722-1.4989 GBP has negative risk for UK election event, hung parliament seen If SNP holds balanc…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair has dropped over a cent since early Asia test of 1.4989 (Fri high)

  • 1.4856 is 50% retracement of Friday's rally from 1.4722-1.4989

  • GBP has negative risk for UK election event, hung parliament seen

  • If SNP holds balance of power after May 7, GBP would be badly affected

 

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By FxWirePro Team