Friday, October 16, 2026

Technicals

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GBP/JPY close below 50-WMA bearish

Source: Thomson Reuters BOJ Nakaso & Nippon Life pushback v more QQE supporting yen higher UK Trade & IP misses, poor overseas Gilt demand & election are weighing on GBP Close below 50-WMA & 61.8% of Oct-Dec rise at 177.…

By Jay L. Zagorsky
1 min read
GBP/JPY close below 50-WMA bearish
Image from the original EconoTimes article

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Source: Thomson Reuters


  • BOJ Nakaso & Nippon Life pushback v more QQE supporting yen higher

  • UK Trade & IP misses, poor overseas Gilt demand & election are weighing on GBP 

  • Close below 50-WMA & 61.8% of Oct-Dec rise at 177.16 & 176.27 bearish

  • If 175.45 Feb low breaks, weekly Cloud top & 21-wk BB 174.33/3.85 next targets

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