Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

GBP/USD capped by heavy resistance

Pair sees solid resistance which is capping bulls at 1.5481 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 July to Jan fall Ichimoku Cloud is just above at 1.5490 adding continuous supply Chances that bulls will run out …

By Meredith J C Warren
1 min read
GBP/USD capped by heavy resistance
Image from the original EconoTimes article

Read the original article

  • Pair sees solid resistance which is capping bulls at 1.5481

  • 1.5481 - 23.6% retrace of the 1.7192 to 1.4952 July to Jan fall

  • Ichimoku Cloud is just above at 1.5490 adding continuous supply

  • Chances that bulls will run out of steam which will see a reversal

  • Traders remain short with stop above 1.5490

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team