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
4 Feb 2020

GBP/USD Price Analysis: Nears three-week-old support trendline

  • GBP/USD bears catch a breath near a short-term key support line.
  • Close to oversold RSI conditions also favor the pair’s pullback beyond 23.6% Fibonacci retracement.
  • December 2019 low will be the key to watch during further downside.

GBP/USD looks for a clear direction near 1.3000 amid the Asian session on Tuesday. The pair registered heaviest losses, -1.6%, during the previous day while staying above the three-week-old support line.

In addition to the immediate trend line support, around 1.2980, close to oversold conditions of RSI also increase the odds of the pair’s pullback.

With this, 23.6% Fibonacci retracement of its declines from December 12 to 23, 2019, at 1.3050, could regain buyers’ attention during the pullback, a break of which recall 1.3100 and January 23 highs near 1.3150.

During the pair’s advances past-1.3150, 50% Fibonacci retracement level close to 1.3210 will be the key to watch.

On the flip side, the pair’s break of the immediate support line, at 1.2980, could please sellers with 1.2950 and December 2019 low of 1.2905.

GBP/USD four-hour chart

Trend: Pullback expected

 

Feb 4, 2020

USD/CNH Price Analysis: Tests 100-day MA for first since Dec. 4

USD/CNH rose above the psychological resistance of 7.00 on Monday and tested the 100-day moving average (MA) for the first time in two months. At pres
Read more Previous
Feb 4, 2020

ANZ slashes 2020 forecasts on US Treasury yields

With the emergence of the coronavirus, markets have moved back to last year’s mindset – concerned about what bad news lies around the corner. As a res
Read more Next