简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: High Earthquake
2023-04-05
896
Fundamental analysis:
GBP/JPY remained volatile around 164.684, with UK inflation currently at around 10.4 percent - more than five times the Bank of England's 2 percent target and the highest among the Group of Seven nations. The Bank of England has raised interest rates 11 times in a row and its next meeting is scheduled for May. Markets are pricing in a 66% chance of a further 25 basis point hike at the next meeting and a 34% chance of keeping rates unchanged.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the bullish momentum continued to fluctuate and rise, there was a huge shock at a high level, and the short-term upward trend remained, the MACD indicator was in the bullish zone, and the RSI indicator was hovering weakly on the side of the 50 balance line;
Resistance levels: 165.039 165.475
Support levels: 163.956 163.471
Trading strategy: Bullish above 164.432, target 165.039 165.475
Alternative strategy: bearish below 164.432, target 163.956 163.471
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
