简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: finishing in a narrow range
2023-07-06
792
Fundamental analysis:
GBP/USD remained volatile around 1.27023, the UK Financial Conduct Authority (FCA): The financial regulator will propose further reforms to improve the market and enhance competitiveness. A comprehensive data recording system (CT) is proposed so that investors can obtain clear and low-cost transaction data. A consultation on further reforms to transparency requirements for bonds and derivatives will be held later this year.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term fluctuations are maintained within a narrow range, market sentiment is gradually emerging, and there are signs of continued retracement in the short term. The MACD indicator is weakly finishing above the 0 axis, and the RSI indicator is hovering weakly above the 50 balance line;
Resistance levels: 1.27255 1.27411
Support levels: 1.26859 1.26698
Trading strategy: bearish below 1.27074, target 1.26859 1.26698
Alternative strategy: Bullish above 1.27074, target 1.27255 1.27411
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
