Friday, October 16, 2026

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GBP/USD is facing psychological resistance around 1.5000,dip till 1.4650 is possible

RES 4: 1.5201 (61.8% retracement of 1.5512 and 1.46340) RES 3: 1.5163 (Mar 18th High) RES 2: 1.5093 (Tenken-Sen) RES 1: 1.5000 (Previous week high) PRICE: 1.8693 @ 11:18GMT SUP 1: 1.4800 SUP 2: 1.4720 SUP 3:1.46430 SUP 4…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • RES 4: 1.5201 (61.8% retracement of 1.5512 and 1.46340)
  • RES 3: 1.5163 (Mar 18th High)
  •  RES 2: 1.5093 (Tenken-Sen)
  •  RES 1: 1.5000 (Previous week high)

    PRICE: 1.8693 @ 11:18GMT 

  • SUP 1: 1.4800
  • SUP 2: 1.4720
  • SUP 3:1.46430
  • SUP 4: 1.4500

Weekly trend -Bearish

GBP/USD is trading between 1.4795 and 1.4993 in the past week. Weekly trend is bearish as long as resistance 1.5165 holds.

It is good to sell on rallies around 1.5000 for the target of 1.4650.

 

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