Friday, October 16, 2026

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GBP/USD price nudging the 30H Bolli base line

Source: Thomson Reuters 1.4790 new 57mth low for GBP/USD, sub-1.48 stops noted but no follow through A US name blamed for shutting the door at 1.4840 Hourly action shows GBP/USD price nudging the 30H Bolli base line Offe…

By Jay L. Zagorsky
1 min read
GBP/USD price nudging the 30H Bolli base line
Image from the original EconoTimes article

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Source: Thomson Reuters


  • 1.4790 new 57mth low for GBP/USD, sub-1.48 stops noted but no follow through

  • A US name blamed for shutting the door at 1.4840

  • Hourly action shows GBP/USD price nudging the 30H Bolli base line

  • Offers 1.4820-30 and again at the previous 1.4840 pullback point

  • May 7 election event risk to limit GBP lifts but still see 1.4840/90 risk

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