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Pound us: continue to go down the track

2022-06-30

1351

GBPUSD

Fundamental analysis:

GBP / USD remained volatile around 1.21147. As global investors seek better returns, the expected excellent performance of UK assets may in turn provide additional support for GBP.

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

Technical analysis:

According to the 4-hour chart: after a short-term entanglement in the narrow range oscillation in the Bollinger belt index channel, the short power continued to move downward near the downtrack of the Bollinger belt index, and the Bollinger belt index continued to show a slow opening trend. The MACD index remained in the short area below the 0 axis, and the RSI index remained in the shock downward in the short area below the 50 equilibrium line;

Multi empty turning point: 1.21342

Pressing position: 1.21761, 1.22220

Support position: 1.20765, 1.20398

Trading strategy: bearish below 1.21342, target 1.20765, 1.20398

Alternative strategy: bullish above 1.21342, target 1.21761, 1.22220

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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Pound us: continue to go down the track

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