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Pound day: narrow consolidation and withdrawal

2022-06-30
1369
Fundamental analysis:

The pound fluctuated around 165.476 against the yen. British Prime Minister Johnson said in a meeting between Germany and Japanese Prime Minister Fumio Kishida that Britain would lift import restrictions on Fukushima food from the 29th. Kishida thanked him for this and said, "welcome to cancel.".



Gbpjpy - 4-hour K-line chart display:




Technical analysis:


According to the 4-hour chart: it has been oscillating in the Bollinger belt index channel for a long time, the amplitude space has gradually narrowed, the Bollinger belt index has a closing trend, and the short-term short power has signs of waiting for the opportunity to enter, the MACD index hovers around the 0 axis, and the RSI index is in a narrow range near the 50 equilibrium line;


Multi empty turning point: 165.969


Pressing position: 166.660, 167.312


Support position: 164.818, 164.242


Trading strategy: bearish below 165.969, target 164.818, 164.242


Alternative strategy: bullish above 165.969, target 166.660, 167.312

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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