Thursday, October 15, 2026

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GBP/USD elicited fresh support pre-1.5720

Cable elicited fresh support pre-1.5720 around London fix 1.5762/65 flips to resistance pre-1.58 (sub-1.58 stops hit in Asia) 1.5722 = earlier low after hawkish Fed Powell steer More bids tipped at 1.5700 (1.57 vaulted a…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Cable elicited fresh support pre-1.5720 around London fix

  • 1.5762/65 flips to resistance pre-1.58 (sub-1.58 stops hit in Asia)

  • 1.5722 = earlier low after hawkish Fed Powell steer 

  • More bids tipped at 1.5700 (1.57 vaulted after big UK earnings beat June 17)

  • 1.5762 = pre-US durables low, 1.5763 = Ldn am low, 1.5765 = Asia low

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