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Gbpjpy: narrow sorting
2023-01-09
1023
Fundamental analysis:
The pound maintained a shock around 159.713 against the yen. As it entered 2023, the British real estate market will continue to be affected by a wider economic environment. As buyers and sellers remain cautious, the overall supply and demand will be reduced. House prices will fall 8 this year 8 8 8 this year. %about.
The Gbpjpy Gbpjpy — 4 hours K -line diagram display:
Technical analysis:
Look at the 4 -hour chart: After the low -headed shock is shifted upwards, it starts to sort and move narrow range. The market as a whole is in the weak wandering.
Multi -time turning point: 159.384
Suppression: 160.476, 161.211
Support: 158.649, 158.000
Trading strategy: Bull above 159.384, target 160.476, 161.211
Extracting strategy: Below of 159.384, target 158.649, 158.000
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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