Thursday, October 15, 2026

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GBP/USD faces strong resistance around 1.4250, break above targets 1.4320/1.4360

Candle stick Pattern Formed- Hammer Potential Reversal Zone (PRZ) – 1.4250 The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286. On the higher side major resistance is around …

By FxWire Pro
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GBP/USD faces strong resistance around 1.4250, break above targets 1.4320/1.4360
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  • Candle stick Pattern Formed- Hammer
     
  • Potential Reversal Zone (PRZ) – 1.4250
     
  • The pair has recovered after making a low of 1.4170 level. It is currently trading around 1.42286.
     
  • On the higher side major resistance is around 1.4250 and any indicative break above will take the pair 1.4320/1.4360 ins short term.
     
  • Cable minor support is around 1.4170 and break below targets 1.4150/1.4100. Short term trend reversal only below 1.4050.
     

It is good to buy above 1.42500 with SL around 1.4200 for the TP of 1.4320/1.4360/1.4380

 

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By FxWirePro Team