CM Trade

Download APP to receive bonus

GET

GBPUSD: high position wide finishing

2022-08-01
1169
Fundamental analysis:

GBP / USD remained volatile around 1.21736, and the market did not pay much attention to the domestic drivers of GBP. It is expected that GBP will continue to be driven by USD.


GBPUSD GBPUSD - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the bull power maintains a high level and moves up slowly. In the short-term wide range shock, the MACD index is in the high level consolidation and translation of the bull region, and the RSI index is hovering above the 50 equilibrium line;


Long short turning point: 1.21563


Pressing position: 1.22061, 1.22389


Support position: 1.21234, 1.20914


Trading strategy: bullish above 1.21563, targets 1.22061, 1.22389


Alternative strategies: bearish below 1.21563, targets 1.21234, 1.20914

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More