Thursday, October 15, 2026

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GBP/USD short in play

Pair moving lower in favor of the 1.5400 short trade Requires to beat tenkan line which support the market last week (Wed/Fri) Last week's rally halted at 1.5480, just 1 pip ahead the 1.5481 fibo 23.6% of 1.7192/1.4952 d…

By Meredith J C Warren
1 min read
GBP/USD short in play
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  • Pair moving lower in favor of the 1.5400 short trade

  • Requires to beat tenkan line which support the market last week (Wed/Fri)

  • Last week's rally halted at 1.5480, just 1 pip ahead the 1.5481 fibo

  • 23.6% of 1.7192/1.4952 decline from Jul 2014/Jan 2015, signifying short-term top

  • Short target is just ahead of 40 DMA, break up level the beg of the month

 

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