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GBPUSD: low volatility
2022-12-21
1127
Fundamental analysis:
GBP/USD remained oscillating around 1.21818, and the voting committees within the Bank of England began to have discordant voices. Now the Federal Reserve has slowed down interest rate hikes, and the European Central Bank’s tough stance is an effective weight to suppress the dollar. It can provide corresponding support for the pound, so at this time, the pound will not continue to fall.
GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the low short-term narrow-range shocks, it began to move up slowly, and the bulls waited for an opportunity to enter the market. The MACD indicator was in the short area, and the RSI index was in the short area.
Long-short turning point: 1.21654
Suppression: 1.22109, 1.22384
Support: 1.21371, 1.21123
Trading strategy: Bullish above 1.21654, target 1.22109, 1.22384
Alternative strategy: bearish below 1.21654, target 1.21371, 1.21123
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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