Real estate market growth is expected to slow down

Fundamental analysis:

The pound remained volatile around 162.340 against the yen, and it is expected that the growth of the real estate market will slow down. If global energy prices remain high, the inflation rate will reach double digits in the next few quarters, and household finances may still face pressure. The consumer confidence index has dropped to an all-time low.

Gbpjpy - 4-hour K-line chart display:

Technical comments: the bullish power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. After the high level reached the node near 163.322, it began to sort out. The short-term bullish upward trend was good. The Bollinger belt index showed a continuous upward trend, and the high level began to close slowly. The MACD index was in the weak position of the bull region and moved up slowly. The RSI index was in the long region and maintained a concussion and rise;

Multi empty turning point: 161.774

Pressing position: 162.890, 163.708

Support position: 161.000, 160.154

Trading strategy: bullish above 161.774, target 162.890, 163.708

Alternative strategy: bearish below 161.774, target 161.000, 160.154

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