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UK regulators recommend simplifying Listing Rules on the London Stock Exchange

2022-05-27
954
Fundamental analysis:

The pound fluctuated around 160.229 against the yen. The financial conduct authority (FCA) said that the UK may simplify the dual listing rules of companies to attract more start-ups. The UK wants to enhance London's attractiveness as a global listing location because London continues to lag behind New York in bringing technology companies to the market and faces more competition from Amsterdam, the Netherlands, since brexit.


Gbpjpy - 4-hour K-line chart shows:




Technical comments: it has been maintained in the wide vibration of the Bollinger belt index channel for a long time. During this period, it has repeatedly probed the nodes of the upper and lower rail sections. The Bollinger belt index shows a closing trend and continues to shift. The MACD index hovers weakly near the 0 axis, and the RSI index is in a 50 balanced narrow range on the online side;


Long short turning point: 159.818


Pressing position: 160.976, 161.833


Support position: 159.063, 158.383


Trading strategy: bullish above 159.818, target 160.976, 161.833


Alternative strategy: bearish below 159.818, target 159.063, 158.383


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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