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Pound us: low shock pull up

2022-07-08

1207

GBPUSD

Fundamental analysis:

Sterling rose briefly to a low level against the US dollar and fluctuated around 1.20182. British Prime Minister Johnson plans to resign as British Prime Minister. Johnson will make a statement in a few hours. It is reported that Johnson will continue to serve as the leader of the party until a new leader is elected this summer.

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

Technical analysis:

According to the 4-hour chart, the low-level Bull Power maintained the shock and moved up to the upper part of the brin belt index, and the bull power showed signs of continuing to move upward. The brin belt index showed a closing trend, the MACD index was in the short area maintained the shock, and the RSI index rose to the low level and hovered near the 50 equilibrium line;

Turning point of long and short: 1.20015

Pressing position: 1.20652, 1.21136

Support position: 1.19499, 1.18842

Trading strategy: 1.20015 bullish above, target 1.20652, 1.21136

Alternative strategy: bearish below 1.20015, target 1.19499, 1.18842

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Pound us: low shock pull up

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