The pound remained volatile against the dollar at 1.15118. The draft statement to be issued by the Bank of England on November 17 contains up to 35 billion pounds of expenditure reduction and up to 25 billion pounds of tax increase plans, which may include the freezing of income tax threshold and the reduction of dividend tax.
GBPUSD GBPUSD - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum is strong, the short-term bulls' sentiment is pouring in, and the market is bullish. The MACD index maintains its volatility and moves up to the upper side of the 0 axis and hovers, while the RSI index is in 50 equilibrium and the online side is weak;
Empty turning point: 1.14940
Pressing: 1.15518, 1.15918
Support: 1.14540, 1.14140
Trading strategy: bullish above 1.14940, target 1.15518, 1.15918
Alternative strategy: bearish under 1.14940, target 1.14540, 1.14140