Investors are nervous about Britain's bleak economic outlook

Fundamental analysis:

The GBP / JPY fluctuated around 165.455. Investors were nervous about the gloomy economic outlook in the UK. The Bank of England is unlikely to meet the market's expectations for a substantial interest rate increase. Although the UK economy has shown signs of deterioration, the market is still digesting the expectations of the Bank of England to actively tighten monetary policy.

Gbpjpy - 4-hour K-line chart display:

Technical comments: the high short power maintained the shock and fell rapidly, fell below the Bollinger belt index and went down the track to the node near 165.144 for consolidation. The short-term short power showed signs of continuing to retreat downward. The Bollinger belt index began to slowly open its mouth after showing a closing trend. The MACD index maintained the shock and retreated downward in the long region, and the RSI index short power maintained the shock and fell to below the 50 equilibrium line for consolidation;

Multi empty turning point: 165.840

Pressing position: 166.639, 167.490

Support position: 164.629, 163.830

Trading strategy: bearish below 165.840, target 164.629, 163.830

Alternative strategy: bullish above 165.840, target 166.639, 167.490

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