The pound remained volatile against the dollar at 1.13879. The pound was still affected by global risk sentiment. Risk appetite rose when it improved and weakened when it deteriorated. Hedge funds increased their bets on the recovery of sterling, while asset managers reduced their "short" positions in sterling.
GBPUSD GBPUSD - 4-hour K line chart shows:
The 4-hour chart shows that the power of high short positions is in the form of a step down shock, and the short-term decline may continue. The MACD indicator hovers below the 0 axis, and the RSI indicator is in the weak consolidation below the 50 equilibrium line;
Empty turning point: 1.14097
Pressing: 1.14487, 1.14922
Support: 1.13483, 1.13071
Trading strategy: 1.14,097 lower bearish, target 1.13,483, 1.13,071
Alternative strategy: 1.14097 upside bullish, target 1.14487, 1.14922