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Many cases of monkeypox have been reported in Britain, America and other countries

2022-05-20
1029
Fundamental analysis:

The pound remained volatile around 1.24662 against the dollar. The British health and safety agency issued a statement that there were two more cases of monkeypox infection in the country, and a total of 9 cases have been confirmed. The Centers for Disease Control and Prevention confirmed on the 18th that the United States had its first case of monkeypox this year. The World Health Organization said that night that more monkeypox cases were likely to occur in the UK.


GBPUSD GBPUSD - 4-hour K-line diagram shows:




Technical comments: the low-level bull power continued to fluctuate and rise in the upper rail section of the brin belt index channel. After the high level reached the node near 1.25213, it began to sort out. In the short term, the bull power continued to move upward. After the brin belt index showed an opening trend, it began to slowly close up and move up. The MACD index was above the 0 axis, the bull area maintained sorting, and the RSI index was at 50 equilibrium, and the online side remained wandering;


Long short turning point: 1.24354


Pressing position: 1.25273, 1.25971


Support position: 1.23735, 1.23077


Trading strategy: bullish above 1.24354, target 1.25273, 1.25971


Alternative strategy: bearish below 1.24354, target 1.23735, 1.23077


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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