Britain's unemployment rate has fallen to its lowest level in 50 years

Fundamental analysis:

Sterling remained volatile around 1.24817 against the US dollar. The unemployment rate in Britain has dropped to the lowest level in 50 years, and the number of job vacancies has also reached a record high. At the same time, the housing stock in the market has been at a low level, maintaining the pressure of rising house prices.

GBPUSD GBPUSD - 4-hour K-line chart display:

Technical comments: the high short power continued to fluctuate and fall in the middle and lower rail section of the Bollinger belt index channel. After the low power reached the node near 1.24569, the short-term short power continued to move downward. The Bollinger belt index continued to open its mouth slowly. The short power of MACD index continued to fluctuate downward to the lower side of axis 0, and the RSI index remained at the lower side of the 50 equilibrium line to maintain a weak consolidation downward;

Multi empty turning point: 1.25078

Pressing position: 1.25605, 1.26265

Support position: 1.24230, 1.23627

Trading strategy: bearish below 1.25078, target 1.24230, 1.23627

Alternative strategy: bullish above 1.25078, target 1.25605, 1.26265

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