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GBPJPY: move up high
2023-06-15
776
Fundamental analysis:
GBP/JPY remained oscillating around 177.259, and the Office for National Statistics: Retail, information and communications, and film industries contributed to GDP growth in April. GDP rebounded after a weak March, the pub sector enjoyed a relatively strong April, car sales rebounded and the education sector also partially recovered from the impact of last month's strikes.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart shows that the momentum of high-level bulls continues to fluctuate upwards, and the market’s bullish sentiment remains. In the short-term, bulls continue to move upward.
Resistance levels: 177.523 177.810
Support levels: 176.826 176.550
Trading strategy: Bullish above 177.130, target 177.523 177.810
Alternative strategy: bearish below 177.130, target 176.826 176.550
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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