The pound remained volatile against the dollar at 1.12543. The Bank of England raised interest rates by 50 basis points to 2.25%, in line with market expectations. Since December last year, it has raised interest rates seven times in a row.
GBPUSD GBPUSD - 4-hour K line chart shows:
The 4-hour chart shows that the bearish momentum remains volatile and downward, and the low position is narrowed in a short term. The market bearish sentiment starts to pour in. The MACD index is in the low position of the short position area and the RSI index is in the low position area and remains volatile;
Multi empty turning point: 1.12725
Pressing position: 1.13090, 1.13415
Support position: 1.12184, 1.11920
Trading strategy: 1.12725 lower bearish, target 1.12184, 1.11920
Alternative strategy: bullish above 1.12725, target 1.13090, 1.13415