简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: high position down
2023-02-01
993
Fundamental analysis:
GBP/JPY remained volatile around 160.406, and MF expects the UK economy to shrink by 0.6% this year, a sharp drop from its previous forecast of 0.3% growth. Britain will be affected by a range of factors, including tax increases announced by its chancellor Hunt late last year as he sought to restore investor confidence after the turmoil over former prime minister Truss' "mini-budget".
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high level maintains a narrow range of volatility in the short term and slowly declines, the market bearish sentiment emerges, the short-term decline may continue, the MACD indicator is weakly finishing near the 0 axis, and the RSI indicator is weakly hovering below the 50 balance line;
Long-short turning point: 160.612
Suppression: 160.966, 161.331
Support: 160.081, 159.789
Trading strategy: bearish below 160.612, target 160.081, 159.789
Alternative strategy: Bullish above 160.612, target 160.966, 161.331
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
