The pound remained volatile against the yen at 171.254. The Bank of England will also start the process of voluntary quantitative tightening on November 1. The Bank of England Vice President Conliffe said that the financial market trend may still fluctuate in the next few weeks, but the risk of another "big sale" of British government bonds has been greatly reduced.
GBPJPY - 4-hour K chart shows:
The 4-hour chart shows that after the short-term high range shocks and shifts, the bulls finally usher in the trend of breaking position and moving up. The short-term bullish mood is shrouded. The MACD index is in the bulls' area to maintain consolidation, and the RSI index is in the 50 balanced online side to go up;
Empty turning point: 170.885
Pressing: 171.935, 172.731
Support: 170.114, 169.451
Trading strategy: bullish above 170.885, target 171.935, 172.731
Alternative strategy: bearish at 170.885, target 170.114, 169.451