The Bank of England may raise interest rates by 25 to 50 basis points

Fundamental analysis:

GBP / USD remained volatile around 1.21742. In the uncertainty of the brexit agreement, GBP / USD fell below the previous low of 1.2108. However, the Bank of England is unlikely to match the Fed's expected rate hike this week. Its rate hike seems to be between 25 basis points and 50 basis points.

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

Technical comments: the short power continued to fluctuate downward in the middle and lower track of the brin zone index. After the low level reached the node near 1.19332, it was supported to reverse and rise. After breaking through the node near the upper track of the brin zone index, it continued to rise. The brin zone index showed a closing trend. The MACD index remained in the low position of the short zone and moved upward, and the RSI index remained in the low position of the short zone and moved upward to the 50 equilibrium line;

Multi empty turning point: 1.21415

Pressing position: 1.23376, 1.22967

Support position: 1.20883, 1.20307

Trading strategy: bullish above 1.21415, target 1.23376, 1.22967

Alternative strategy: bearish below 1.21415, target 1.20883, 1.20307

The above analysis is a personal point of view and is for reference only.