Thursday, October 15, 2026

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GBP/USD technical bias downside

Daily Close under 10 DMA Wednesday is encouraging for additional weakness Lower stop again on break of 38.2% Fibonacci retracement of 1.5191/1.5930 rise at 1.5648 Yesterday's base at 1.5667 provides initial support, belo…

By Earlence Fernandes
1 min read
GBP/USD technical bias downside
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  • Daily Close under 10 DMA Wednesday is encouraging for additional weakness

  • Lower stop again on break of 38.2% Fibonacci retracement of 1.5191/1.5930 rise at 1.5648

  • Yesterday's base at 1.5667 provides initial support, below that 1.5627/ 1.5561 expected

 

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By FxWirePro Team