简体中文
ภาษาไทย
繁體中文
Indonesia
Pound us: short positions fluctuate downward
2022-07-12
1143
Fundamental analysis:
GBP / USD remained volatile around 1.18848, and the Bank of England's interest rate hike may be beneficial to GBP. The new British government supporting growth will benefit the pound, so the policies proposed by Johnson's successor will be closely watched. Fiscal stimulus will mean an increase in the number of times they think the Bank of England is about to raise interest rates.
GBPUSD GBPUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the bearish power continued to decline, the trend line continued to fluctuate downward, and there was no sign of final stop in the short-term decline. The MACD index was at the low end of the bearish area and maintained the consolidation downward, and the RSI index was at the narrow consolidation below the 50 equilibrium line;
Long short turning point: 1.18991
Suppression bit: 1.19564, 1.20191
Support position: 1.18170, 1.17583
Trading strategy: bearish below 1.18991, target 1.18170, 1.17583
Alternative strategy: bullish above 1.18991, target 1.19564, 1.20191
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
