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Unemployment figures in the UK are still below pre epidemic levels
2022-06-15
971
Fundamental analysis:
GBP / USD remained volatile around 1.19966. The National Bureau of Statistics: the unemployment data released today shows that the job market is mixed. Although the number of employees has increased for three consecutive months, the data is still lower than the level before the outbreak.
GBPUSD GBPUSD - 4-hour K-line chart display:
Technical comments: the short power continued to fluctuate and fall in the middle and lower track of the Bollinger belt index, and the low reached around 1.19332. The short-term short continued to decline, and the Bollinger belt index continued to decline in the closing trend. The MACD index continued to decline in the low position of the short area, and the RSI index was in the low position of the short area;
Multi empty turning point: 1.20233
Pressing position: 1.20662, 1.21179
Support position: 1.19421, 1.19006
Trading strategy: bearish below 1.20233, target 1.19421, 1.19006
Alternative strategy: bullish above 1.20233, target 1.20662, 1.21179
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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