OctaFX | OctaFX Forex Broker
Open trading account

Forex: GBP/USD consolidates gains after sharp rally

After rallying almost 200 pips, the British pound finally found resistance and stabilized into the end of the American session but remains on track to post its largest one-day gain in 2013.

GBP/USD rose sharply from the 1.4920 area toward an 8-day high of 1.5117 before losing steam and pulling back slightly. At time of writing, GBP/USD is trading around 1.5080, still recording a 1.1% gain on the day.

In terms of technical levels, next resistances could be faced at 1.5117 (intraday high), 1.5140 (Mar 20-day SMA) and 1.5200 (psychological level). On the other hand, supports are seen at 1.5045 (Mar 8 high), 1.5000 (psychological level) and 1.4910 (intraday low).

Forex: USD/JPY above 96.00, ahead of Upper House vote

The Japanese yen is trading almost unchanged on Thursday, as the FX community is waiting for the Upper House vote among concerns regarding the approval of Deputy Governor nominee Iwata – considered extremely dovish...
Read more Previous

Wall Street rallies on US jobless report

The US stocks market has closed Thursday with big gains as investors accepted the risky invitation from the better than expected Jobless claims report. Market is gaining confidence that the US recovery is on track. The DJIA rose for 10th straight day, first time since November 1996.
Read more Next
Start livechat