Sterling kept fluctuating around 166.033 against the Japanese yen. The British National Bureau of Statistics said that the number of employed people increased by only 40000 from May to July, less than one third of the increase expected by economists, who had predicted that the unemployment rate would remain at 3.8%.
Gbpjpy - 4-hour K-line chart shows:
From the 4-hour chart, we can see that the multi headed ladder shock moves upward, the high-level short-term weak consolidation, the MACD index is in the multi headed region to maintain consolidation, and the RSI index is in the 50 equilibrium line side to narrow consolidation;
Empty turning point: 166.180
Pressing position: 166.676, 167.134
Support position: 165.584, 165.214
Trading strategy: 166.180 lower bearish, target 165.584, 165.214
Alternative strategy: bullish above 166.180, target 166.676, 167.134