Thursday, October 15, 2026

Technicals

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GBP/USD moving up towards 100DMA

Real money demand for GBP flagged as factor in pair rise to 1.5538 1.5538 = highest level for cable since Jan 2 Risk of sooner than expected BoE rate hike = key source of support for GBP 1.5574 (100DMA) & 1.5621 (Dec 31 …

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

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  • Real money demand for GBP flagged as factor in pair rise to 1.5538

  • 1.5538 = highest level for cable since Jan 2

  • Risk of sooner than expected BoE rate hike = key source of support for GBP

  • 1.5574 (100DMA) & 1.5621 (Dec 31 top) among cable bull targets pre-1.60

  • 1.55 & 1.5480 supports (stops above 1.5480 & 1.55 tripped early Europe) 

 

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By FxWirePro Team