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
22 Jan 2020

GBP/USD Price Analysis: Bulls looking to extend momentum beyond descending channel resistance

  • GBP/USD trades with a mild positive bias for the third consecutive session on Wednesday.
  • Sustained move beyond 1.3100 handle should pave the way for a further appreciating move. 

The GBP/USD pair traded with a mild positive bias for the third consecutive session on Wednesday. Bulls still await a sustained move beyond the top end of a three-week-old descending trend-channel.

This is closely followed by 200-period SMA on the 4-hourly chart, around the 1.3100 round-figure mark, which if cleared should pave the way for a further near-term appreciating move for the major.

Meanwhile, technical indicators on hourly charts have managed to hold in the bullish territory and should be seen as a positive trigger for bullish traders, supporting prospects for additional gains.

However, oscillators on the daily chart are yet to catch up with the recent positive move or gain any meaningful traction and warrant some caution for bulls 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 1.3100 round-figure mark.

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

GBP/USD 4-hourly chart

fxsoriginal

 

Jan 22, 2020

UK’s Javid: Trade deal with the EU can absolutely be done before the year end

The UK Finance Minister Sajid Javid is on the wires now, via Reuters, speaking alongside the US Treasury Secretary Mnuchin and International Monetary
Read more Previous
Jan 22, 2020

US Pres. Trump: GDP would be near 4% if it weren’t for the Fed

During an interview on the sidelines of the World Economic Forum in Davos, US President Donald Trump said more tax cuts, a healthcare plan and more tr
Read more Next