简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: Weak move down
2023-01-06
980
Fundamental analysis:
GBP/JPY remained volatile around 158.711 amid speculation that the downturn in UK economic fundamentals may mean the Bank of England will cut interest rates this year. With weak investment growth, low productivity and ongoing Brexit uncertainty, the BoE has good reason to hint at further rate hikes to reinforce its "hawkish" tone amid a tight labor market.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short momentum is weak and the order is slowing down, the market's short sentiment begins to enter the market slowly, the MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly ordering near the 50 balance line;
Long-short turning point: 159.040
Suppression: 159.864, 160.790
Support: 158.000, 157.151
Trading strategy: bearish below 159.040, target 158.000, 157.151
Alternative strategy: Bullish above 159.040, target 159.864, 160.790
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
