Friday, October 16, 2026

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GBP/JPY seeing 1st contraction in wide Bolli band spreads

GBP/JPY 10% surge from Apr 14 low to Fri's high leaves daily techs gasping for air Apr-May rise is an ABC shy of Dec's 189.65 peak, with 184.75 key C-wave support Close below May 12's 186.68 low would confirm near-term t…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP/JPY 10% surge from Apr 14 low to Fri's high leaves daily techs gasping for air

  • Apr-May rise is an ABC shy of Dec's 189.65 peak, with 184.75 key C-wave support

  • Close below May 12's 186.68 low would confirm near-term topping pattern

  • Overbought bearish divergence by RSI & caroms off upper 21-d Bolli & channel top

  • Seeing 1st contraction in wide Bolli band spreads since uptrend began

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By FxWirePro Team