简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: Falling highs
2023-04-26
861
Fundamental analysis:
GBP/JPY remained volatile around 165.864, Bank of England Chief Economist Pill: Inflation is making the overall situation in the UK worse. Brits 'need to accept' they are getting poorer. Monetary policy needs to work on the demand side. Stress in the financial system would be damaging to monetary policy. Recent events have tempered calls for a rate hike.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high short-term momentum continues to fall, the short-term decline may continue, the market as a whole is in a bearish trend, the MACD index fluctuates and moves down to the lower side of the 0 axis, and the RSI index is below the 50 balance line.
Resistance levels: 166.329 166.668
Support levels: 165.541 165.212
Trading strategy: bearish below 166.035, target 165.541 165.212
Alternative strategy: call above 166.035, target 166.329 166.668
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
