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Britain will impose new sanctions on Russian Airlines

2022-05-20
930
Fundamental analysis:

The pound remained volatile around 159.267 against the yen. The UK said it would impose new sanctions on Russian Airlines, announced the freezing of the assets of Russian Airlines, Russian national airlines and Ural airlines, and the three airlines would not be able to sell their unused landing slots at UK airports.


Gbpjpy - 4-hour K-line chart shows:




Technical comments: the short power fell rapidly and was tangled in the narrow consolidation of the lower rail section in the brin belt index channel. The short-term long power showed signs of waiting for the opportunity to enter and began to move up slowly. The brin belt index began to close and translate after opening, the MACD index was in the weak hovering near the 0 axis, and the RSI index was in the weak consolidation near the 50 equilibrium line;


Long short turning point: 158.634


Pressing position: 160.271, 161.178


Support position: 157.803, 157.073


Trading strategy: bullish above 158.634, target 160.271, 161.178


Alternative strategy: bearish below 158.634, target 157.803, 157.073


The above analysis is a personal point of view and is for reference only.

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.

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