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.