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

GBP/USD Price Analysis: Bulls challenge 2-week old descending trend-channel resistance

  • GBP/USD adds to upbeat UK jobs data-led intraday positive momentum.
  • Bulls now eye a move beyond 200-period SMA on the 4-hourly chart.

The GBP/USD pair held on to upbeat UK jobs data-led intraday gains and is currently placed near a resistance marked by the top end of over two-week-old descending trend-channel.

This is closely followed by a resistance marked by 200-period SMA on the 4-hourly chart, around the 1.3100 round-figure mark, which if cleared might be seen as a key trigger for bullish traders.

Meanwhile, technical indicators on the mentioned chart have been gaining positive traction and also moved away from the negative territory, supporting prospects for further appreciating move.

However, oscillators on the 1-hourly chart are already flashing slightly overbought conditions and thus, warrant some caution for aggressive bullish traders amid increasing odds of a BoE rate cut.

Having said that, the pair is likely to aim towards testing its next resistance near the 1.3165-70 region ahead of the 1.3200 round-figure mark on a sustained move beyond the mentioned barriers.

On the flip side, the 1.3035 region now seems to protect the immediate downside, which if broken might turn the pair vulnerable to slide further towards the key 1.30 psychological mark.

GBP/USD 4-hourly chart

fxsoriginal

 

Canada Manufacturing Sales (MoM) below forecasts (-0.3%) in November: Actual (-0.6%)

Canada Manufacturing Sales (MoM) below forecasts (-0.3%) in November: Actual (-0.6%)
Read more Previous

US Treasury Secretary Mnuchin: Recent trade deals will lift growth

The US Treasury Secretary Steven Mnuchin, speaking on the sidelines of the World Economic Forum in Davos, said that peoples’ growth projection for the
Read more Next