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Russian businessman will sell British truphone Telecom Group for 1 pound

2022-06-06
891
Fundamental analysis:

The pound remained volatile around 1.24995 against the US dollar. The British truphone Telecom Group held by Russian businessman Roman Abramovich and his partners will be sold to two European entrepreneurs at the price of 1 pound.


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




Technical comments: the short power continued to fluctuate downward in the middle and lower rail section of the Bollinger belt index channel, the Bollinger belt index continued to move downward in a closing trend, the early low of 1.24569 was close at hand, the breaking position was imminent, the MACD index maintained weak consolidation under the 0 axis, and the RSI index continued to fluctuate under the 50 equilibrium line;


Multi empty turning point: 1.25250


Pressing position: 1.25762, 1.26265


Support position: 1.24332, 1.23838


Trading strategy: bearish below 1.25250, target 1.24332, 1.23838


Alternative strategy: bullish above 1.25250, target 1.25762, 1.26265


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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