OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD: Double-top to be tested at 1.3070

Monday's four-hour chart is pointing to potential gains for the GBP/USD pair while a double resistance awaits at 1.3070 as FXStreet’s analyst Yohay Elam notes. 

Key quotes

“Momentum on the four-hour chart remains positive for cable that is battling the 200 Simple Moving Average after surpassing the 50 and 100 SMAs. Bulls remain in control.”

“Resistance awaits at 1.3070, which has capped the pair twice in February – a double-top. The next level to watch is 1.3110, capping GBP/USD in late January.”

Japan likely heading into technical recession due to coronavirus impact – Barclays

According to Barclays analysts led by Tetsufumi Yamakawa in Tokyo, there is an increasing chance the Japanese economy could head in to a technical rec
Read more Previous

NZD/USD erases early losses, stays below 0.6450

The NZD/USD pair edged lower at the start of the week but didn't have a hard time erasing its losses. As of writing, the pair was trading at 0.6440, w
Read more Next
Start livechat