Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/JPY Technical Analysis: Awaits falling wedge bullish reversal

  • The EUR/JPY pair has created a falling wedge on the 4-hour chart, which is a bullish reversal pattern.  
  • Acceptance above the top end of the wedge or resistance, currently located at 129.35, would confirm a falling wedge reversal or a bearish-to-bullish trend change and open the doors to 130.87 (Aug. 29 high).
  • The relative strength index (RSI) has already breached the falling trendline, so the pair is more likely to take out the wedge resistance of 129.35.

4-hour chart

Spot Rate: 129.25

Daily High: 129.29

Daily Low: 128.76

Trend: Bullish above 129.35

Resistance

R1: 129.35 (top end of the wedge)

R2: 129.98 (Sep. 5 high)

R3: 130.87 (Aug. 30 high)

Support

S1: 128.76 (support as per the 4-hour chart)

S2: 127.86 (previous day's low)

S3: 127.78 (wedge support)

USD/JPY making a push for 111.50

The USD/JPY is trading just beneath 111.50 for Tuesday after bounding higher in the early day's action. Asia session traders pushed the Yen down as r
Read more Previous

Australia: Manufacturing firms continue to be positive – Westpac

The Australian Westpac–Chamber Actual Composite index rose in September 2018 to 66.5 from 64.1 in June, notes Simon Murray, Research Analyst at Westpa
Read more Next