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GBPUSD: high rise
2023-06-09
770
Fundamental analysis:
Sterling remained volatile near 1.25594 against the U.S. dollar. The Bank of England survey showed that the British labor market cooled further in May, and the growth rate of starting salaries for regular employees was the weakest in more than two years.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of high-level bulls is rising strongly, the market is still bullish, and the bulls continue to move upwards. The MACD indicator is in the bullish zone and continues to rise, and the RSI indicator is in the bullish zone.
Resistance levels: 1.25735 1.35874
Support levels: 1.25336 1.25172
Trading strategy: Bullish above 1.25501, target 1.25735 1.35874
Alternative strategy: bearish below 1.25501, target 1.25336 1.25172
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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