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GBPUSD: high rise

Fundamental analysis:

GBP/USD remained volatile around 1.21822, UK Financial Conduct Authority: Following the Silicon Valley Bank incident, the UK Financial Conduct Authority worked closely with the Bank of England, the UK regulator PRA, the Financial Services Compensation Scheme (fscs) and the UK government. Silicon Valley Bank (UK) customers continue to have access to the Financial Services Compensation Scheme, the Financial Ombudsman Service and other consumer rights remain unaffected.

GBPUSD - 4-hour K-line chart shows:

Brief technical analysis:

4-hour chart: The bullish momentum continues to fluctuate and rise at a high level, and the short-term bullish sentiment is shrouded. The bullish momentum in the market is constantly moving upwards. The MACD indicator is in the bullish zone and is constantly moving upwards.

Resistance levels: 1.22099 1.22332

Support levels: 1.21428 1.21202

Trading strategy: bearish below 1.21662, target 1.21428 1.21202
Alternative strategy: Bullish above 1.21662, target 1.22099 1.22332

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.

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