Thursday, October 15, 2026

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GBP/USD long weekly wick suggests huge topside failure

GBP/USD bears pile as messy UK election next Thurs comes into focus GBP whacked across board, GBP/USD long weekly wick suggests huge topside failure GBP/USD 1-wk volume hits 16.7% vs 10.2% realised, EUR short-covering su…

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

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  • GBP/USD bears pile as messy UK election next Thurs comes into focus

  • GBP whacked across board, GBP/USD long weekly wick suggests huge topside failure 

  • GBP/USD 1-wk volume hits 16.7% vs 10.2% realised, EUR short-covering surge likely delayed positioning

  • Now cleaner event risk with FOMC done, 1-wk volume hits 16.7% vs 10.2% realised

  • GBP/USD likely to test 1.50 before long: 1.5033 50% Fibo of April move

  • Also 1.4998/95 cloud base & 21-DMA

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