The pound remained fluctuating around 165.351 against the yen. British inflation may not rise from the 40 year high of 10.1% in July to about 14.5% in January, but reach a peak of about 11.5% in November, and then decline faster next year.
Gbpjpy - 4-hour K-line chart shows:
According to the 4-hour chart, the high short power maintained a narrow consolidation downward trend, the market short sentiment emerged and began to slowly decline, the MACD index maintained a consolidation downward trend in the long region, and the RSI index hovered on the 50 equilibrium line;
Long short turning point: 165.474
Pressing position: 165.932, 166.336
Support position: 164.943, 164.582
Trading strategy: 165.474 down bearish, target 164.943, 164.582
Alternative strategy: bullish above 165.474, target 165.932, 166.336