Friday, October 16, 2026

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GBP/USD target 38.2% retrace at 1.5342 next

Pair continues to target 1.5324 fibo retrace (38.2% of 1.4952 - 1.5554) Scope to 61.8% retrace at 1.5182 below Close inside Ichimoku cloud Monday improved confidence in bears Prices have moved below the 21 DMA at 1.5360 …

By Meredith J C Warren
1 min read
GBP/USD target 38.2% retrace at 1.5342 next
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  • Pair continues to target 1.5324 fibo retrace (38.2% of 1.4952 - 1.5554)

  • Scope to 61.8% retrace at 1.5182 below

  • Close inside Ichimoku cloud Monday improved confidence in bears

  • Prices have moved below the 21 DMA at 1.5360 today

  • Offer lowered, now by the cloud top at 1.5389

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team