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GBPJPY: The shock moves down
2023-03-10
912
Fundamental analysis:
GBP/JPY remained volatile around 162.269 as Britain plans to open its doors to more foreign workers to address chronic labor market shortages. Those involved said the process would start with construction, adding key jobs to the government's "short occupation list".
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate and move downward, and the short-term trend will continue to move downward. The short-term downward sentiment remains, the MACD indicator is in the short-term area, and the RSI indicator is hovering below the 50 balance line;
Resistance levels: 162.767 163.086
Support levels: 161.992 161.718
Trading strategy: bearish below 162.448, target 161.992 161.718
Alternative strategy: call above 162.448, target 162.767 163.086
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