GBPUSD price is rising 0.4%
October 20, 2026
NEWS: GBPUSD price is rising 0.4% as the US Dollar continues weakening as investors weigh in lower chances of a rate hike by the FED.
Possible Scenarios:
If GBPUSD fails to breach through R2 of 1.33969, our Analysis Department expects GBPUSD to undergo a short- term downward correction.
If GBPUSD manages to break above its R2 of 1.33969, our Analysis Department expects GBPUSD to extend its gains to its R3 of 1.34209.
Support and Resistance Levels:
|
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.32611 |
1.32851 |
1.33090 |
1.33410 |
1.33730 |
1.33969 |
1.34209 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €89.02 |
(+/-) £74.66 |
|||
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12334
***GBP/USD = 1.33934
Calculations for exchange rate used as of Tuesday, October 20, 2026, 14:52: GMT +1