Forex Trading Library

GBP/USD –05.10.2026

Technical Analysis
By Rami Abu-Draa
GBP/USD –05.10.2026
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GBPUSD managed to fell toward 1.3180 while market support zone still at 1.3140-60

As long as market holding trades above support zone 1.3140-60 a rebound correction movement toward 1.3350-1.3400 zone is likely

Below 1.3140 more drops toward 1.3000 zone is likely

 

SUPPORT RESISTANCE
LEVEL1 1.3140-60 1.3350-1.3400
LEVEL2 1.3000 1.3475
LEVEL3 1.2880 1.3565
Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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