OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD buyers could defend SMA crossover

The advance in GBP/USD prompted its 100-hr SMA to cross above the slower 200-hr SMA.

The low prices printed on hourly charts are at a converging distance to the “Golden Cross”. This price level is likely to underpin the GBP/USD rate as buyers find support at the confluence. The risk scenario is set once a close beyond the 200 SMA is printed.

USD/JPY recovers losses, eyes 121.00 handle

The broad based USD strength in the European session pushed the USD/JPY pair into the positive territory and on track towards 121.00 handle.
Read more Previous

Eurozone PMI confirms an irony – BBH

Research Team at BBH, suggest that the economic data from the Eurozone has held up well, pointing to fairly steady even if unimpressive growth while the Draghi made a case for setting policy based on risk scenarios but the data does not seem to support such sense of urgency.
Read more Next
Start livechat