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/JPY Price Analysis: Bounces off short-term support trendline

  • GBP/JPY pulls back from the one-week low.
  • Multiple support lines, RSI condition question further downside.
  • 38.2% Fibonacci retracement acts as the immediate resistance.

GBP/JPY stays mildly positive, +0.05%, to 143.20 by the press time of Tuesday’s Asian session. The quote recently recovered from an eight-day-old rising trendline and is up for challenging 38.2% Fibonacci retracement of the February month upside.

Should the quote manage to stay positive beyond 143.40 immediate resistance, which is more likely considering the recovery in RSI conditions from the oversold region, Friday’s low near 143.70 will be on the buyers’ radar.

In a case where the bulls dominate beyond 143.70, 23.6% Fibonacci retracement of 144.00 and the monthly top nearing 145.00 could return to the charts.

Alternatively, the said support line around 142.60 and 61.8% Fibonacci retracement, close to 142.45, question the pair’s short-term declines.

However, an ascending trend line from February 04, at 142.22 now, will be important to watch past-142.45 as a downside break of the same could drag AUD/JPY prices towards 141.00

GBP/JPY four-hour chart

Trend: Pullback expected

Japan Corporate Service Price Index (YoY) came in at 2.3%, above forecasts (2.1%) in January

Japan Corporate Service Price Index (YoY) came in at 2.3%, above forecasts (2.1%) in January
Read more Previous

Gold prices consolidate gains to sub-$1,650 area amid risk reset

Gold prices decline to $1,649.50, down 0.62%, amid the initial hours of the Asian session on Tuesday. While the risk of spreading coronavirus outside
Read more Next