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The British Conservative Party says the British government conforms to international law on the issue of Northern Ireland

2022-06-10
1046
Fundamental analysis:

The pound remained volatile around 167.905 against the yen. The chairman of the British Conservative Party and Minister of cabinet: Cleverley: the British government is confident that its actions on the Northern Ireland issue comply with international law.


Gbpjpy - 4-hour K-line chart display:




Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise. After the high level reached the node near 168.693, it fluctuated and retreated in the short term. However, the upward trend of the market was good, and the Bull Power moved up again. After the Bollinger belt index showed an upward trend, the high level closed. The MACD index was in the high level consolidation and retreat of the bull region, and the RSI index was in the consolidation and translation of the bull region;


Multi empty turning point: 167.849


Pressing position: 168.854, 169.568


Support position: 167.036, 166.173


Trading strategy: bullish above 167.849, target 168.854, 169.568


Alternative strategy: bearish below 167.849, target 167.036, 166.173


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

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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