Thursday, October 15, 2026

Technicals

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GBP/USD recovery on limited volume, 76.4% fibo helps to keep lid on

GBP/USD spot recovers from Wed's 1.5667 low, though on limited volumes 1.5770 intra-day high is 76.4% of Wednesday fall from 1.5803-1.5667 Mooted offers near 1.58 are an appreciation obstacle beyond 1.5724/29 - pivot lin…

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

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  • GBP/USD spot recovers from Wed's 1.5667 low, though on limited volumes

  • 1.5770 intra-day high is 76.4% of Wednesday fall from 1.5803-1.5667

  • Mooted offers near 1.58 are an appreciation obstacle beyond

  • 1.5724/29 - pivot line/23.6% retrace of 1.5930-1.5667 fall

  • VWAP is currently at 1.5710, this may draw in the short-term

  • 1.5725 (Ldn am high) is now a support point. 1.5680 = Ldn am low

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