Thursday, October 15, 2026

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GBP/USD making way for 100DMA test

Cable made new 8week peak of 1.5554 in Asia after vaulting 1.5538 (Weds top) Risk of earlier than likely BoE rate hike = key source of support for GBP 100DMA at 1.5568, with 1.5588 & 1.5621 among resistance levels beyond…

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

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  • Cable made new 8week peak of 1.5554 in Asia after vaulting 1.5538 (Weds top)

  • Risk of earlier than likely BoE rate hike = key source of support for GBP

  • 100DMA at 1.5568, with 1.5588 & 1.5621 among resistance levels beyond

  • 1.5524 was Asia low. 1.55, 1.5480 & 1.5467 support points below

 

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By FxWirePro Team