GBPUSD price is increasing 0.4%
October 16, 2026
NEWS: GBPUSD price is increasing 0.4% after Federal Reserve Chair Warsh vowed price stability in a speech this morning
Possible Scenarios:
If GBPUSD fails to breach through R1 of 1.33255, our Analysis Department expects GBPUSD to undergo a short- term downward correction.
If GBPUSD manages to break above its R1 of 1.33255, our Analysis Department expects GBPUSD to extend its gains to its R2 of 1.33468.
Support and Resistance Levels:
|
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.32261 |
1.32474 |
1.32687 |
1.32971 |
1.33255 |
1.33468 |
1.33681 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €88.93 |
(+/-) £75.03 |
|||
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12445
***GBP/USD = 1.33273
Calculations for exchange rate used as of Friday, October 16, 2026, 10:03: AM