Thursday, October 15, 2026

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GBP/USD mooted bids at 1.5800 are lending support

Fair size 1.5800 option expiry Tuesday Break below 1.58 could spur some stop-loss selling 1.5845, 38.2% of 1.5910-1.5806, & 1.5863 (Asia low) are resistance levels Mooted bids at 1.5800 are lending support to cable 1.580…

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

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  • Fair size 1.5800 option expiry Tuesday 

  • Break below 1.58 could spur some stop-loss selling

  • 1.5845, 38.2% of 1.5910-1.5806, & 1.5863 (Asia low) are resistance levels

  • Mooted bids at 1.5800 are lending support to cable

  • 1.5806 was early NY/London lunchtime low. 1.5808 was last Thursday's low

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