Friday, October 16, 2026

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GBP/USD cloud base support at 1.4995

Daily close under 55 DMA but sustained the move into the cloud Slow stochastic are close to overbought levels but could see a further squeeze Look to fade recovery moves higher, likely to be halted above 1.5100 Offer at …

By Earlence Fernandes
1 min read
GBP/USD cloud base support at 1.4995
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  •  Daily close under 55 DMA but sustained the move into the cloud

  • Slow stochastic are close to overbought levels but could see a further squeeze

  • Look to fade recovery moves higher, likely to be halted above 1.5100

  • Offer at 1.5120 ahead of 1.5155 Mar 18 high/61.8% Fibonacci retracement at 1.5177

 

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