The combination of slowing growth and rising prices in the UK service sector is worrying

Fundamental analysis:

GBP / USD remained volatile around 1.25871. The data in May showed that the combination of slowing growth in the UK service industry and rising prices was worrying. The latest round of input cost inflation is the highest since the index was compiled in july1996, and the monthly decline in the expansion momentum of enterprise activities has set a new survey record except for the blockade period.

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

Technical comments: it has been maintained in the lower rail section of the Bollinger belt index channel for a long time. After the low level fell below the lower rail to the node near 1.24286, it quickly pulled up. After touching the upper rail point near 1.25990, it was sorted out. The short-term Bull Power waited for the opportunity to enter the site. The Bollinger belt index showed a closing trend and began to open after the continuous translation. The short position area under the 0 axis of MACD index remained weak and hovered upward, RSI index is in the narrow amplitude oscillation upward movement near the 50 equilibrium line;

Multi empty turning point: 1.25631

Pressing position: 1.26265, 1.26779

Support position: 1.25179, 1.24797

Trading strategy: bullish above 1.25631, target 1.26265, 1.26779

Alternative strategy: bearish below 1.25631, target 1.25179, 1.24797

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