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GBPUSD: low move down
2023-05-19
774
Fundamental analysis:
GBP/USD remained volatile around 1.24075. British Defense Secretary Wallace said at a joint press conference after talks with German Defense Minister Pistorius on the 17th local time that Ukraine was in the middle of a conflict and it was obviously inappropriate to join NATO now .
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The low-level short-term dynamics continue to fluctuate and move down, the short-term decline has not stopped, the market is shrouded in bearish sentiment, and there is a trend of continuing to move downward in the short term.
Resistance levels: 1.24351 1.24529
Support levels: 1.23902 1.23737
Trading strategy: bearish below 1.24157, target 1.23902 1.23737
Alternative strategy: Bullish above 1.24157, target 1.24351 1.24529
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