GBPUSD price is falling -0.4%
October 7, 2026
NEWS: GBPUSD price is falling -0.4% as the U.S. dollar strengthens, with the 10-year U.S. Treasury yield reaching its highest level since 2002.
Possible Scenarios:
If GBPUSD fails to breach through S1 of 1.31699, our Analysis Department expects GBPUSD to undergo a short- term upward correction.
If GBPUSD manages to break below its S1 of 1.31699, our Analysis Department expects GBPUSD to extend its losses to its S2 of 1.31463
Support and Resistance Levels:
|
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.31228 |
1.31463 |
1.31699 |
1.32013 |
1.32327 |
1.32563 |
1.32798 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.5 |
(+/-) £75.74 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.11734
***GBP/USD = 1.32034
Calculations for exchange rate used as of Wednesday, October 7, 2026, 14:00 GMT+1