GBPJPY: move up the low bit

Fundamental analysis:

Sterling remained oscillating against the yen near 161.579, after the first Christmas in three years without epidemic restrictions, the number of shoppers in British retail destinations surged by nearly 40% on Monday. The passenger flow of retail centers in the UK rose by 38.8% year-on-year, of which the passenger flow in central London increased by 66%. However, the data also showed that the passenger flow in retail centers in the UK on Boxing Day was 18.2% lower than in 2019 before the epidemic.

British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:

Brief technical analysis:

The 4-hour chart: the low-level bullish momentum keeps oscillating and moving up, short-term bullish sentiment emerges, the market bullish momentum continues to enter the market, the MACD indicator low-level bullish momentum keeps oscillating and moves up to the 0 axis, and the RSI indicator is in a weak order on the side of the 50 balance line;

Long-short turning point: 161.254

Suppression: 162.203, 162.835

Support: 160.602, 159.930

Trading strategy: Bullish above 161.254, target 162.203, 162.835

Alternative strategy: bearish below 161.254, target 160.602, 159.930