简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: shock moves up
2023-02-02
980
Fundamental analysis:
GBP/USD remained volatile around 1.23718, with the Bank of England expected to raise its GDP forecast for 2022, but maintain a pessimistic outlook for economic growth while also lowering its inflation forecast. Less-than-anticipated rate hikes, combined with weaker inflation forecasts, are likely to weigh on the pound for the foreseeable future.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and upward, short-term bullish sentiment emerges, the bullish momentum in the market continues to move upward, the MACD indicator is at the lower side of the 0 axis and moves upward, and the RSI indicator is hovering in a narrow range above the 50 balance line;
Long-short turning point: 1.23605
Suppression: 1.23884, 1.24057
Support: 1.23454, 1.23287
Trading strategy: Bullish above 1.23605, target 1.23884, 1.24057
Alternative strategy: bearish below 1.23605, target 1.23454, 1.23287
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
