The pound remained fluctuating around 166.707 against the yen. The current monthly GDP rate of the UK is estimated to be 1.1% higher than the level before the epidemic (that is, February 2020). The actual GDP is lower than expected, which can not bring much comfort to the economic prospects of the UK.
Gbpjpy - 4-hour K-line chart shows:
According to the 4-hour chart, the Bulls kept surging, the high level began to narrow, the market bulls continued to pull up, the MACD index was in the Bulls' region to maintain consolidation, and the RSI index was in the Bulls' region to maintain wandering;
Long short turning point: 166.461
Pressing position: 167.134, 164.588
Support position: 165.993, 165.584
Trading strategy: bullish above 166.461, target 167.134, 164.588
Alternative strategy: bearish below 166.461, target 165.993, 165.584