Thursday, October 15, 2026

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GBP/USD weighed by Fibo rejection on Wednesday

Wednesday's rally held at 1.5480, just 1 pip ahead the 1.5481 fibo 1.5481 = 23.6% of 1.7192/1.4952 decline from Jul 2014/Jan 2015 Prices have been sideways since, support above 1.5400 The 200 HMA is climbing higher but p…

By Meredith J C Warren
1 min read
GBP/USD weighed by Fibo rejection on Wednesday
Image from the original EconoTimes article

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  • Wednesday's rally held at 1.5480, just 1 pip ahead the 1.5481 fibo

  • 1.5481 = 23.6% of 1.7192/1.4952 decline from Jul 2014/Jan 2015

  • Prices have been sideways since, support above 1.5400

  • The 200 HMA is climbing higher but pullbacks have not come close still

  • Short in play for 1.5250, just ahead of 40 DMA (break up level of month)

 

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