Thursday, October 15, 2026

Technicals

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GBP/USD eyes offers at 1.51

1.5090 = high water-mark since cable fell to 5week low of 1.5025 early Asia Climb to 1.5090 influenced by some profit-taking on long USD positions Pre-weekend low 1.5032, after USD lifted by NFP Cable offers seen at 1.51…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 1.5090 = high water-mark since cable fell to 5week low of 1.5025 early Asia

  • Climb to 1.5090 influenced by some profit-taking on long USD positions

  • Pre-weekend low 1.5032, after USD lifted by NFP

  • Cable offers seen at 1.51, with 1.5150 among resistance levels beyond

  • 1.5150 = 23.6% fibo of 1.5554  (Feb 26 high) to 1.5025 

 

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