The pound remained volatile against the yen at 164.845, and inflation in the UK declined, but still exceeded the desired level of the Bank of England. The deadly combination of higher inflation and weaker job applicants will continue to cause more trouble for the Bank of England.
GBPJPY - 4-hour K chart shows:
The 4-hour chart shows that the momentum of high short positions has slowly moved downward, and the market short positions are beginning to be shrouded. The MACD indicator is in the slow downward trend of long positions and the RSI indicator is in the weak position below the 50 equilibrium line;
Empty turning point: 165.010
Pressing position: 165.481, 165.926
Support position: 164.438, 163.993
Trading strategy: 165.010 lower bearish, target 164.438, 163.993
Alternative strategy: bullish above 165.010, target 165.481, 165.926