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
7 Sep 2021

GBP/USD Price Analysis: Buyers remain hopeful above 1.3780

  • GBP/USD consolidates recent losses inside a bullish chart pattern.
  • 50-SMA, previous resistance from late July offers strong support.
  • Upbeat Momentum, rising channel and successful trading beyond 200-SMA keep buyers hopeful.

GBP/USD licks its wounds after the first negative daily closing in three inside a two-week-old ascending trend channel, around 1.3835 during early Tuesday morning in Asia.

Although the cable prices stepped back from the stated bullish formation’s upper line on Friday, keeping the pullback on Monday, the quote remains inside the channel and above 200-SMA.

Also favoring the GBP/USD buyers is an upbeat Momentum line and sustained trading beyond the confluence of resistance-turned-support from July 20 and 50-SMA, around 1.3780.

Hence, the pair’s rebound towards the latest peak near 1.3890 can’t be ruled out but the channel’s resistance and late July top, respectively around 1.3900 and 1.3985, will challenge the bulls afterward.

Meanwhile, pullback moves may eye for 200-SMA level of 1.3812 before challenging the bullish chart pattern with an attack on 1.3800 level.

It’s worth noting that the GBP/USD weakness past 1.3800 will be challenged by the 1.3780 key support, a break of which will direct bears towards reversing the recovery moves from August monthly low near 1.3600.

GBP/USD: Four-hour chart

Trend: Recovery expected

 

Sep 7, 2021

USD/JPY keeps an eye for 110.00 amid steady USD

USD/JPY continues with the previous day’s gain on Tuesday in the initial Asian trading hours US Dollar Index keeps its steady pace and maintains gain
Read more Previous
Sep 7, 2021

RBNZ Gov. Orr: Lockdown has highlighted how disruptive the virus can be

The Reserve Bank of New Zealand's governor Adrian Orr has recently crossed the wires and stated that the lockdown has highlighted how disruptive the v
Read more Next