Thursday, October 15, 2026

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Overbought dailies drag GBP/JPY down to Tenkan

Hugely overbought dailies drag GBP/JPY down to Tenkan & prior down TrendLine by 181.41 low Bounces looks suspect & a fade as heavily overbought sell signals abound If Tenkan & TrendLine are closed below, 50% Fibo & Kijun…

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

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  • Hugely overbought dailies drag GBP/JPY down to Tenkan & prior down TrendLine by 181.41 low

  • Bounces looks suspect & a fade as heavily overbought sell signals abound

  • If Tenkan & TrendLine are closed below, 50% Fibo & Kijun at 179.64 are key target

  • Resistance is at 182.55-57 from Thur's low & 38.2% of 184.45-181.41 drop

  • May 7 UK election & recent weakening of UK data likely to weigh

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By FxWirePro Team