Friday, October 16, 2026

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GBP/USD elicits support pre-1.5025

Cable supported ahead of 1.5025 again after breaking below 1.5037 (Ldn am low) 1.5029 = traded low. 1.5029 = Tuesday low too. 1.5025 = 5wk low Monday Offers touted at 1.51 (Middle Eastern interest tipped). 1.5096 = Ldn a…

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

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  • Cable supported ahead of 1.5025 again after breaking below 1.5037 (Ldn am low)

  • 1.5029 = traded low. 1.5029 = Tuesday low too. 1.5025 = 5wk low Monday

  • Offers touted at 1.51 (Middle Eastern interest tipped). 1.5096 = Ldn am high

  • More bids likely at 1.50. Key sub-figure support at 1.4952 (Jan low)

  • 1.5101 = Ldn/NY high Tuesday (before, during & after Carney) 

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