The British minister said it would review the acquisition of Britain's largest chip manufacturer by Chinese enterprises

Fundamental analysis:

Sterling remained volatile around 1.26031 against the US dollar. The UK Minister of Commerce, energy and industry strategy Kwasi kuateng said that it would review the acquisition of Newport wafer fab (NWF), the largest chip manufacturer in the UK, by Anson semiconductor, a wholly-owned subsidiary of Chinese enterprise Wentai technology.

GBPUSD GBPUSD - 4-hour K-line diagram shows:

Technical comments: the low-level bull power continues to move upward in the upper rail section of the Bollinger belt index channel. The short-term Bull Power upward trend is good. After reaching the node near 1.26202, it continues to pull upward. The Bollinger belt index shows a closing trend and moves upward slowly. The MACD index is in the bull area to maintain consolidation and translation, the RSI index is in 50 equilibrium, and the online side to maintain weak consolidation;

Long short turning point: 1.25714

Pressing position: 1.26652, 1.27238

Support position: 1.25128, 1.24542

Trading strategy: bullish above 1.25714, target 1.26652, 1.27238

Alternative strategy: bearish below 1.25714, targets 1.25128 and 1.24542

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