The Bank of England is expected to raise interest rates further due to fiscal support

Fundamental analysis:

GBP / USD remained volatile around 1.25719. Due to financial support, the Bank of England can help anchor inflation expectations without being too nervous about the economic situation. The Bank of England is expected to raise interest rates in June, August, September and November, pushing interest rates to 2%.

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

Technical comments: the high short power maintains that the middle and lower rail sections of the Bollinger belt index channel continue to vibrate downward, and the low power reverses and moves upward after reaching the nodes near 1.24569, and touches the nodes near the middle rail to sort out. The short-term long power slowly vibrates upward, and the Bollinger belt index continues to show a closing trend. The MACD index is in the short area below the 0 axis to maintain consolidation, and the RSI index is in the short area to maintain oscillation and move upward to the 50 equilibrium line;

Multi empty turning point: 1.25511

Pressing position: 1.26265, 1.26849

Support position: 1.24927, 1.24324

Trading strategy: bullish above 1.25511, target 1.24927, 1.24324

Alternative strategy: bearish below 1.25511, target 1.24927, 1.24324

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