简体中文
ภาษาไทย
繁體中文
Indonesia
GBPJPY: high position down
2022-12-16
1140
Fundamental analysis:
GBP/JPY remained volatile around 167.815. The UK is in an economic recession and will be in recession for a longer period of time; the GDP growth forecast for the fourth quarter was raised from -0.3% to -0.1%. The pace of rate hikes slowed to 50 basis points, with rates rising to 3.5%.
British Pound Japanese Yen GBPJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The high-level short-term dynamics fluctuate and retrace, the short-term decline may continue, the market's short-term sentiment emerges, the MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;
Long-short turning point: 168.023
Suppression: 168.461, 168.811
Support: 167.478, 167.138
Trading strategy: bearish below 168.023, target 167.478, 167.138
Alternative strategy: Bullish above 168.023, target 168.461, 168.811
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
