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Pound us: low range shock
2022-07-11
1231
Fundamental analysis:
GBP / USD remained volatile around 1.20260. Johnson announced his resignation from the podium outside No. 10 Downing Street, saying that "no one in politics is indispensable", and that he "felt sad to give up the best job in the world".
GBPUSD GBPUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the low-level short-term wide range volatility, long power waiting for the opportunity to enter, and began to sort out after touching the previous high nearby. The MACD index is in the short position, and the low-level volatility is moving up, and the RSI index is in the weak volatility near the 50 equilibrium line;
Turning point of long and short: 1.20015
Pressing position: 1.20796, 1.21255
Support position: 1.19626, 1.19138
Trading strategy: bullish above 1.20015, targets 1.20796, 1.21255
Alternative strategies: bearish below 1.20015, targets 1.19626, 1.19138
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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