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
31 Dec 2019

GBP/JPY Technical Analysis: Below 21-day SMA, 12-day-old trendline amid bearish MACD

  • GBP/JPY recovers after Monday’s losses.
  • 23.6% Fibonacci retracement, December 16 low adds to resistances.
  • A confluence of 50-day SMA, 38.2% Fibonacci retracement limit immediate declines.

GBP/JPY takes the bids to 142.86 amid Tuesday’s Asian session. The pair needs to overcome key nearby technical resistances, not to forget bearish MACD, to justify the recent recovery.

21-day SMA around 143.00, followed by a downward sloping trend line since December 13, at 143.47 now, are likely immediate upside barriers for the pair traders to watch.

In a case where the quote rises beyond 143.50, December 16 low around 145.75 holds the key to additional run-up towards the monthly high close to 148.00.

Alternatively, 50-day SMA and 38.2% Fibonacci retracement of October low to mid-month top, around 141.30/40, can question sellers.

It’s worth mentioning that the monthly bottom around 140.30, 140.00 round figure and 50% Fibonacci retracement, at 139.25, will please the bears after 141.30.

GBP/JPY daily chart

Trend: Pullback expected

 

Dec 31, 2019

South Korea Consumer Price Index Growth (YoY) came in at 0.7%, above forecasts (0.6%) in December

South Korea Consumer Price Index Growth (YoY) came in at 0.7%, above forecasts (0.6%) in December
Read more Previous
Dec 31, 2019

UK’s Javid: Minimum wage will rise by record 51p in boost for struggling Brits – The Sun

The UK’s Finance Minister Sajid Javid recently crossed wires, via The Sun, while announcing that the minimum wage will rise by a record 51p.
Read more Next