OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/JPY: faster SMA now above 200-hour

As the GBP/JPY hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

NZD/USD bulls ran out of Red Bull?

NZD/USD as flipped on its head, with the bird running out of red-bull, losing its wings, and now the bears break below the 20 SMA on the hourly chart fishing for further offers to break 0.6820 support for a run at the 50 SMA on the same time frames, trading at 0.6791 currently.
Read more Previous

PBOC sets USD/CNY fix at 6.3436

People’s Bank of China (PBOC) set today's yuan reference rate at 6.32436 vs Thursday's close at 6.3460 and last fix at 6.3402.
Read more Next
Start livechat