简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: Bulls move up
2023-01-24
1000
Fundamental analysis:
GBP/JPY remained volatile around 161.655, the UK's economic outlook remains rather bleak and inflation remains high. Against this backdrop, the Bank of England may be hesitant, which should weigh on the pound. An economic downturn may be inevitable. That's because inflation remains high and will continue to dampen consumer confidence, while the impact of the Bank of England's rate hikes so far will grow.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls keeps oscillating and continues to rise, the short-term bullish sentiment is shrouded, the bulls in the market continue to climb, the MACD indicator is in the high position of the bullish zone, and the RSI indicator is hovering in the bullish zone;
Long-short turning point: 161.496
Suppression: 162.033, 162.332
Support: 161.146, 160.785
Trading strategy: Bullish above 161.496, target 162.033, 162.332
Alternative strategy: bearish below 161.496, target 161.146, 160.785
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
