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GBPUSD: high upside
2023-01-13
1021
Fundamental analysis:
The British pound remained volatile around 1.22125 against the US dollar. The British Prime Minister's spokesman: The UK still believes that there are "significant" problems in the Brexit negotiations, so the UK will not set a deadline for the Brexit negotiations. Strike talks with unions have been constructive, with more meetings planned.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the high short-term shock, the bullish momentum has risen rapidly, the market is bullish, and there are signs of continued upward movement in the short term. The MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone.
Long-short turning point: 1.21978
Suppression: 1.22396, 1.22662
Support: 1.21672, 1.21398
Trading strategy: Bullish above 1.21978, target 1.22396, 1.22662
Alternative strategy: bearish below 1.21978, target 1.21672, 1.21398
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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