Friday, October 16, 2026

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GBP/USD pullback supported ahead of 1.5640 pivot

Pivot lends support to GBP/USD ahead of 200 DMA 1.5651 was the European AM low. 1.5603 is the 200 DMA Above 200 DMA should keep long trade in play Trend indicators overbought, caution advised, could see circa 1.58 before…

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

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  • Pivot lends support to GBP/USD ahead of 200 DMA

  • 1.5651 was the European AM low. 1.5603 is the 200 DMA

  • Above 200 DMA should keep long trade in play

  • Trend indicators overbought, caution advised, could see circa 1.58 before pullback

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