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GBPUSD: maintain shock and pull up
2022-07-29
1177
Fundamental analysis:
Sterling remained volatile around 1.21715 against the US dollar. The market agreed that the Bank of England would raise interest rates by 50 basis points at its three meetings in August, September and November, and then raise interest rates by 25 basis points in December, keeping interest rates at 3.0% until the end of this year.
GBPUSD GBPUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the momentum of bulls maintained a good momentum of shock and rise, and the short-term trend of bulls may continue. MACD index was at a high level and maintained consolidation and translation, and RSI index was at a narrow range in the long region;
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.
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