Fundamental analysis:
Sterling remained volatile around 1.25622 against the US dollar. Peel, chief economist of the Bank of England: too much tightening policy may bring the risk of falling into a deep recession. If the tightening intensity is too small, inflation may gain a self-sustaining momentum. He believes that more tightening measures are needed, but does not take an overly restrictive position.
GBPUSD GBPUSD - 4-hour K-line diagram shows:
Technical comments: the narrow range consolidation of the upper rail section in the Bollinger belt index channel continues to move up slowly, and the narrow range consolidation begins after the high level reaches the node near 1.26011. The Bollinger belt index continues to close, and the amplitude space gradually narrows. The MACD index maintains a narrow range consolidation and translation in the bull area, and the RSI index remains weak on the upper side of the 50 equilibrium line;
Multi empty turning point: 1.25512
Pressing position: 1.26231, 1.26910
Support position: 1.24793, 1.24155
Trading strategy: bullish above 1.25512, target 1.26231, 1.26910
Alternative strategy: bearish below 1.25512, target 1.24793, 1.24155
The above analysis is a personal point of view and is for reference only.