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Gbpjpy: bulls strong pull up
2022-09-06
1150
Fundamental analysis:
Sterling rose to around 162.476 against the Japanese yen. British Foreign Secretary truss won the election for the leader of the ruling Conservative Party and will succeed Johnson as Britain's next prime minister. Truss won 81326 votes in the election and sunak won 60399 votes.
Gbpjpy - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the low-level Bulls' power is strongly pulling up, the short-term bullish sentiment is shrouded, the market bulls begin to enter, the MACD index is hovering on the upper side of the 0 axis, and the RSI index is in the narrow range of 50 equilibrium online;
Multi empty turning point: 162.316
Pressing position: 162.715, 162.972
Support position: 162.080, 161.829
Trading strategy: bullish above 162.316, target 162.715, 162.972
Alternative strategy: bearish below 162.316, target 162.080, 161.829
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.
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