简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: range bound
2023-03-29
869
Fundamental analysis:
GBP/JPY remained volatile around 161.469. The governor of the Bank of England said that interest rate setters should put control of inflation ahead of bank worries. The money market currently believes that the possibility of the Bank of England raising interest rates by 25 basis points in May is 61%.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bulls’ power fluctuated and rose and then sorted out in a narrow range. The market as a whole is in a bullish trend, but the follow-up power is lacking. The MACD indicator is hovering above the 0 axis, and the RSI indicator is weakly finishing above the 50 balance line;
Resistance levels: 161.976 162.360
Support levels: 161.061 160.654
Trading strategy: bearish below 161.469, target 161.061 160.654
Alternative strategy: Bullish above 161.469, target 161.976 162.360
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
