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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
5 Aug 2019

GBP/USD technical analysis: Cable sidelined near multi-month lows and challenging 1.2167 resistance

  • GBP/USD is stabilizing near the monthly lows above the 1.2100 figure.
  • The levels to beat for buyers are seen at 1.2167 and 1.2190 on the way up. 
 
 

GBP/USD daily chart

 
 
GBP/USD is stabilizing near multi-month lows attempting to create a correction above the 1.2100 figure while below its main daily simple moving averages (DSMAs). 
 

GBP/USD 4-hour chart

 
GBP/USD is trading below its main SMAs, suggesting bearish momentum in the near term. However, bears will need to reclaim the 1.2135 and 1.2100 support to continue the downtrend towards 1.2065, according to the Technical Confluences Indicator. 
 

GBP/USD 30-minute chart

 
Cable is challenging the daily highs and the 1.2167 resistance while trading above its main SMAs. The buyers want to break this critical resistance to potentially extend the correction towards 1.2190, 1.2211 and 1.2265, according to the Technical Confluences Indicator. 
 

Additional key levels

 

Aug 5, 2019

US: ISM non-manufacturing data consistent with expectations for growth slowdown in H2 – Wells Fargo

Data released today showed the ISM non-manufacturing fell to 53.7, lowest since August 2016. Analysts at Wells Fargo, point out that although still ab
Read more Previous
Aug 5, 2019

EUR/GBP technical analysis: Euro on fire against Sterling, hits a new 2019 high

Read more Next