GBP / USD remained volatile at around 1.15025. As worries about economic recession and rising interest rates hurt the market, the number of houses sold in the UK in the next 12 months will record the largest decline in at least a decade. During the COVID-19 epidemic, house prices in Britain soared because people stayed at home longer and sought more spacious living space.
GBPUSD GBPUSD - 4-hour K-line chart shows:
According to the 4-hour chart, the short power maintained a choppy downward trend, the market was still in a low and weak position, the MACD index was in the short area, and the RSI index was in the lower side of the 50 equilibrium line;
Long and short turning point: 1.15232
Pressing position: 1.15675, 1.16090
Support position: 1.14594, 1.14230
Trading strategy: bearish below 1.15232, targets 1.14594, 1.14230
Alternative strategy: bullish above 1.15232, target 1.15675, 1.16090