GBP/USD price is rising 0.40%
October 8, 2026
NEWS: GBP/USD price is rising 0.4%, as the U.S. dollar fell after a Fed policymaker said they are not in a rush to hike rates again.
Possible Scenarios:
If GBPUSD fails to breach through R1 of 1.32694, our Analysis Department expects GBPUSD to undergo a short- term downward correction.
If GBPUSD manages to break above its R1 of 1.32694, our Analysis Department expects GBPUSD to extend its gains to its R2 of 1.32921.
Support and Resistance Levels:
|
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.31631 |
1.31859 |
1.32086 |
1.32390 |
1.32694 |
1.32921 |
1.33149 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.11 |
(+/-) £75.51 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12225
***GBP/USD = 1.32445
Calculations for exchange rate used as of Thursday, October 8, 2026, 15:39 GMT+1