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Johnson overturns part of the brexit agreement
2022-06-09
974
Fundamental analysis:
The pound fluctuated around 168.212 against the yen. British Prime Minister Johnson plans to push forward legislation to overturn part of the brexit agreement, which may aggravate his tense relations with some lawmakers and the EU.
Gbpjpy - 4-hour K-line chart display:
Technical comments: the nodes near the Bollinger belt index continue to move up, the high level reaches the nodes near 168.510, and the short-term bull power continues to rise. After the Bollinger belt index shows a slow opening trend, there are signs of gradual closing. The MACD index is rising in the bull region, and the RSI index is hovering in the overbought area 80 of the bull region;
Multi empty turning point: 167.849
Pressing position: 169.160, 169.807
Support position: 167.036, 166.173
Trading strategy: bullish above 167.849, target 169.160, 169.807
Alternative strategy: bearish below 167.849, target 167.036, 166.173
The above analysis is a personal point of view and is for reference only.
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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