Friday, October 16, 2026

Technicals

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GBP/USD steadier post Wednesday & Thursday storms

Pair seen trading in a 54 pip range so far Friday, 1.4722-1.4776 Subsequent to 319 pip range Thursday & 520 pip range Wednesday Support points below 1.4722 seen at 1.47 (option expiry), 1.4689 & 1.4635 1.4689 = Thursday'…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair seen trading in a 54 pip range so far Friday, 1.4722-1.4776

  • Subsequent to 319 pip range Thursday & 520 pip range Wednesday

  • Support points below 1.4722 seen at 1.47 (option expiry), 1.4689 & 1.4635

  • 1.4689 = Thursday's low. 1.4635 = Wednesday's pre-FOMC low

  • Resistance seen at 1.4776/79, and then at 1.48 

 

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