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

USD/JPY technical analysis: Recovers early lost ground to over 1-week lows

  • The intraday downtick showed some resilience below 50% Fibo. level.
  • Move beyond 108.60 resistance might inspire intraday bullish traders.

The USD/JPY pair witnessed some follow-through selling on Wednesday – marking its fifth day of a negative move in the previous six – and dropped to over one-week lows.
 
However, bulls continued showing some resilience below 50% Fibonacci level of the 112.40-104.45 downfall and assisted the pair to recover a major part of its early lost ground.
 
Meanwhile, technical indicators on the daily chart maintained their bullish bias and turned out to be one of the key factors that attracted some dip-buying interest at lower levels.
 
A subsequent strength beyond the 108.60 horizontal zone might prompt some technical buying and set the stage for a fresh attempt towards conquering the 109.00 round-figure mark.
 
The mentioned handle nears the very important 200-day SMA, which if cleared decisively might be seen as a key trigger for bullish traders and might pave the way for additional gains.
 
On the flip side, any further downside now seems to find decent support near a five-month-old descending trend-line resistance breakpoint – around the 108.00-107.90 region.
 
Below the mentioned resistance-turned-support, near the 108.00 handle, the pair might turn vulnerable to accelerate the pullback further towards the 107.55 confluence region.
 
The latter comprises of 100-day SMA and 38.2% Fibo. level, which if broken decisively might negate any near-term bullish bias and open the room for a further near-term depreciating move.

USD/JPY daily chart

fxsoriginal

 

Markets: ECB and US Durable Goods eyed this week – TDS

According to analysts at TD Securities, in a quiet week for the data calendar, markets will be watching US durable goods alongside the ECB rate decisi
Read more Previous

James Smith, developed markets economist at ING

James Smith, developed markets economist at ING, suggests that things are moving fast for the UK economy, but conventional wisdom suggests the best el
Read more Next