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Pound us: the high level has risen rapidly

2022-07-28
1198
Fundamental analysis:

GBP / USD remained volatile around 1.21528. In August, the Bank of England raised interest rates significantly, which was unexpected. There is an opportunity for GBP / USD to rebound strongly. If the Central Bank of England continues to adjust monetary interest rates gently, the pound may not be free from the risk of shock and decline.



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




Technical analysis:


According to the 4-hour chart, the Bull Power maintained a narrow consolidation and slowly rose, the short-term high rapidly rose, the market bullishness clearly increased, the MACD index was in the bull region and maintained a concussion and rise, and the RSI index was in the 50 equilibrium, and the online side continued to concussion;


Long short turning point: 1.21384


Pressing position: 1.21861, 1.22246


Support position: 1.21067, 1.20732


Trading strategy: bullish above 1.21384, targets 1.21861, 1.22246


Alternative strategies: bearish below 1.21384, targets 1.21067, 1.20732

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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