Pound us: strong pull up

Fundamental analysis:

GBP / USD remained volatile around 1.235330. The Bank of England raised interest rates by 25 basis points to 1.25%, the highest since January 2009, in line with market expectations. It has raised interest rates for five consecutive times since December last year.

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

Technical comments: the bull power continued the rapid fluctuation and rise near the upper rail of the Bollinger belt index. After the high level broke through the upper rail to the node near 1.24060, it began to vibrate. In the short term, it was in the process of high-level narrow range consolidation. The Bollinger belt index continued to open its mouth. The MACD index was in the short area. The low-level maintenance and shock rose to hover near the 0 axis. The RSI index was in the narrow range above the 50 equilibrium line;;

Multi empty turning point: 1.23248

Pressing position: 1.24060, 1.24592

Support position: 1.22819, 1.22376

Trading strategy: bullish above 1.23248, target 1.24060, 1.24592

Alternative strategy: bearish below 1.23248, target 1.22819, 1.22376

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