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GBPJPY: Move Multiple Heads Up

2022-11-17
555
Fundamental analysis:

British Chancellor of the Exchequer Robert Hunt: It is our responsibility to help the Bank of England complete its mission of restoring inflation to the target level through responsible management of national finance. In the case of high inflation, we cannot achieve long-term and sustainable growth.


GBPJPY - 4-hour K chart shows:




Technical analysis:

The 4-hour chart shows that the low bulls' momentum maintenance range moves up slowly, the short-term bullish mood is shrouded, and the market bulls' rally may continue. The MACD index stays in the short positions and moves up to the weak position around the 0 axis, and the RSI index stays in the weak position near the 50 equilibrium line;

Empty turning point: 165.827

Pressing: 166.693, 167.260

Support: 165.293, 164.727

Trading strategy: 165.827 upper bullish, target 166.693, 167.260

Alternative strategy: 165.827 lower bearish, target 165.293, 164.727

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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