Friday, October 16, 2026

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GBP/USD seen inching towards 200 HMA at 1.4840

Pair is edging closer to the 200/100 HMA support at 1.4840/19 Efforts to lift in Asia halted at 1.4990, double top 1.4989/90 (Fri's high) The following pullback broke below the 10 DMA at 1.4875 Shorts active, scope for a…

By Ian Preston
1 min read
GBP/USD seen inching towards 200 HMA at 1.4840
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  • Pair is edging closer to the 200/100 HMA support at 1.4840/19

  • Efforts to lift in Asia halted at 1.4990, double top 1.4989/90 (Fri's high)

  • The following pullback broke below the 10 DMA at 1.4875

  • Shorts active, scope for a return to last week's almost 5 year low seen at 1.4635

 

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By FxWirePro Team