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GBPJPY: climbed higher
2023-03-30
959
Fundamental analysis:
GBP/JPY remained volatile around 163.535. The British government released a white paper on the regulation of the artificial intelligence industry, outlining five principles for artificial intelligence governance such as ChatGPT.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is rising at a high level, the short-term bullish sentiment is still there, the market bulls have no signs of stopping, the MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is in the bullish zone and is finishing up;
Resistance levels: 163.852 164.185
Support levels: 162.995 162.661
Trading strategy: Bullish above 163.351, target 163.852 164.185
Alternative strategy: bearish below 163.351, target 162.995 162.661
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