Thursday, October 15, 2026

Technicals

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GBP/USD closing in on 1.5177 fibo resistance, offers touted at 1.5185

Source: Thomson Reuters GBP/USD closing in on 1.5177 fibo resistance, 1.5177 = 61.8% of 1.5554/1.4567 Feb-Apr fall Offers touted at 1.5185 (100DMA), 1.5200/15 resistance beyond Sustained beak opens the way for a full ret…

By Jay L. Zagorsky
1 min read
GBP/USD closing in on 1.5177 fibo resistance, offers touted at 1.5185
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Source: Thomson Reuters


  • GBP/USD closing in on 1.5177 fibo resistance, 1.5177 = 61.8% of 1.5554/1.4567 Feb-Apr fall 

  • Offers touted at 1.5185 (100DMA), 1.5200/15 resistance beyond

  • Sustained beak opens the way for a full retrace to the Feb 26 1.5554 top

  • 1.5173 = 7wk high for cable after US data, 1.5146 (London am high) is now a support point 

  • Latest surge clears cloud top, at 1.5095 which increases bullish sentiment

  • Key week reversal/bullish engulfing line - positive weekly close to confirm

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