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GBPUSD: high pull up
2022-12-14
1127
Fundamental analysis:
GBP/USD remained volatile around 1.23613. Bank of England Governor Bailey: The current inflation rate is high and demand is slowing down. The economic environment is challenging. Brexit is an opportunity to reset regulation. The UK does not need total deregulation. In rethinking regulation, we should not think this time is different.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the bullish momentum has risen to a high level, the bulls in the market continue to rise, and there is a trend of continuing to move upward in the short term. The MACD indicator is in the bullish zone and moves upward slowly, and the RSI indicator is in the bullish zone.
Long-short turning point: 1.23390
Suppression: 1.23972, 1.24367
Support: 1.22985, 1.22632
Trading strategy: bullish above 1.23390, target 1.23972, 1.24367
Alternative strategy: bearish below 1.23390, target 1.22985, 1.22632
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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