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
Trading news
Back
18 Feb 2020

GBP/USD Price Analysis: Pound off session highs, holds above 1.3000 level

  • GBP/USD is gaining steam above the 1.3000 figure.
  • The level to beat for buyers is the 1.3080 resistance. 
 

GBP/USD daily chart 

 
Following the October and December bull-run, pound/dollar is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The spot is trading below the 1.3100 and 50 SMA.
 

GBP/USD four-hour chart

 
The pound is rebounding from the 1.3000 support while challenging the 200 SMAs on the four-hour chart. Bulls seem unwilling to let go, however they need to overcome the 1.3080 level to reach the upper side of the range near 1.3125 and 1.3160 levels. Supports are likely located near 1.3000, 1.2958 and 1.2931 level, according to the Technical Confluences Indicator.   
 
 
 
Resistance: 1.3080, 1.3125, 1.3160
Support: 1.3000, 1.2958, 1.2931   
 

Additional key levels

 

Feb 18, 2020

EUR/USD rebounds above 1.0800 following sharp drop in early American session

The EUR/USD pair came under strong selling pressure in the early trading hours of the American session and touched its lowest level since April of 201
Read more Previous
Feb 18, 2020

China's Commerce Ministry: Will step up polices to stabilise foreign investment

China will stabilise foreign trade, foreign investment and consumption to minimise the impact of the coronavirus outbreak, China’s Commerce Ministry s
Read more Next