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GBPJPY: high-order collation

Fundamental analysis:

The pound remained volatile against the yen at 169.018. According to British media reports, the UK's medium-term fiscal plan was postponed until November 17.

GBPJPY - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the high level maintains a narrow range of consolidation in the short term, the market bulls are in a state of anxiety, the MACD index is at the 0 axis and the love market hovers, and the RSI index is at the weak consolidation near the 50 equilibrium line;

Empty turning point: 169.301

Pressing: 170.073, 170.919

Support: 168.235, 167.491

Trading strategy: bearish at 169.301, target 168.235, 167.491

Alternative strategy: bullish above 169.301, target 170.073, 170.919

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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