Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

GBP/USD weighed by false fibo break on Monday

Pair saw false break of the 76.4% fibo of Jan 1.5588/1.4952 decline at 1.5438 on Monday Successive pullback pressured overnight at 1.5339 Slow stochs rise in overbought territory Negative cross gives a sell signal Switch…

By Meredith J C Warren
1 min read
GBP/USD weighed by false fibo break on Monday
Image from the original EconoTimes article

Read the original article

  • Pair saw false break of the 76.4% fibo of Jan 1.5588/1.4952 decline at 1.5438 on Monday

  • Successive pullback pressured overnight at 1.5339

  • Slow stochs rise in overbought territory

  • Negative cross gives a sell signal

  • Switched to a sell, using rallies back to 1.5441 to get short for short-term trade

  • The 200 HMA provides support at 1.5306

 

Related articles

View all
Technicals

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