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
23 Jan 2020

GBP/USD Price Analysis: Key Fibonacci levels can check bulls amid overbought RSI

  • GBP/USD trades near two-week high, struggles to extend run-up towards 50% and 61.8% Fibonacci retracement levels.
  • Seller may target 200-bar SMA, monthly falling trend line during fresh declines.

GBP/USD seesaws near 1.3140 with a little movement during the Asian session on Thursday. The pair rose beyond the monthly resistance line and 200-bar SMA the previous day.

Even so, the bulls are struggling around 38.2% Fibonacci retracement of the pair’s declines from December 12 to 23 amid overbought RSI conditions.

As a result, sellers are looking for fresh entry targeting 200-bar SMA level and the resistance-turned-support line, around 1.3100 and 1.3070 respectively, as the immediate supports.

However, pair’s further declines below 1.3070 may recall 1.3000 and 1.2960/55 area on the charts.

On the flip side, 50% and 61.8% Fibonacci retracement levels, near 1.3210 and 1.3280 respectively, can challenge buyers during further advances.

It should also be noted that the pair’s rise past-1.3280 enables it to aim for December 16 top surrounding 1.3420.

GBP/USD four hour chart

Trend: Pullback expected

 

Jan 23, 2020

PBOC sets Yuan reference rate at 6.8876

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8876 versus Wednesday's 6.8853.
Read more Previous
Jan 23, 2020

AUD/USD Price Analysis: Flashing green, Thursday's close pivotal

AUD/USD picked up a bid around the 100-day average at 0.6840 about an hour ago and jumped to 0.6879 on the back of an upbeat Aussie jobs report. At pr
Read more Next