简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: The shock moves up
2022-12-01
1124
Fundamental analysis:
GBP/JPY remained volatile around 186.360 as the Bank of England's Monetary Policy Committee (MPC) said the central bank was likely to lose the battle to bring inflation down to its 2.0% target. Inflation has "run deeper" into the UK economy and the Bank of England must respond forcefully.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term narrow-range shocks move upwards, the market’s bullish momentum begins to emerge slowly, the overall bullish sentiment continues to heat up, the MACD indicator is in the short area, and the RSI indicator is hovering weakly below the 50 balance line;
Long-short turning point: 166.184
Suppression: 166.722, 167.039
Support: 165.869, 165.496
Trading strategy: Bullish above 166.184, target 166.722, 167.039
Alternative strategy: bearish below 166.184, target 165.869, 165.496
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
