The pound rose and fell Focus on the UK2020Annual financial budget

foreign exchangeLong short trading in the market is50%The probability, combined with those who know a little bit about analysis, is there70%The probability!
The most terrifying thing is the people who complain about the market situation. It is not sad not to invest and wait in this market when there is no money. The sad thing is that when there is money, one does not know how to use it, does not know the reason for making a profit, does not understand the reason for losing, and always thinks that the market is sorry for oneself. It's also good to have good times,Adversity is also good,Investment is inherently a never-ending struggle against various difficulties,A battle of few enemies. If you are still on the path of losses, unable to understand the laws of the market, and unable to see the trends of the market, please carefully consider how to plan your investment path.


Wang Yixin-03.10-Analysis of GBP Market-


In the previous trading day, the entire foreign exchange market was not so calm, first the Australian dollar collapsed, and then the US dollar fell below95At the critical juncture, the pound naturally experienced a short-term increase, once reaching1.320Subsequently, it has been in a state of oscillation and is currently retreating again1.310Below, in the short term, we will focus on the movement of the US dollar, followed by tomorrow's new Chancellor of the Exchequer, Sunak, who will discuss2020The latest fiscal budget for the year.

Firstly, it is necessary to pay attention to the strength of the US dollar's rebound, and if it can return95.8Above, so for the pound, it will once again be under pressure. However, if the US dollar wants to further test upwards, it is clearly not that easy, especially in the current situation. Therefore, we will continue to short the US dollar index. As for the pound, I do not recommend that you choose the direction to trade today. Firstly, the US dollar index rebounds to near pressure, and secondly, tomorrow is the UK2020Annual financial budget, pound test1.320Quickly retreating to the starting point is not a good thing, so focus on tomorrow's fiscal budget.

Technically speaking, the pound sterling4The hourly structure rises and falls back, currently located in1.306Nearby operation, high opening and high moving yesterday, filling the gap today, focusing on yesterday's low opening gap position, followed by1.300If we retreat back to1.300Below, it represents the conversion support for the downward trend line of the pre test value of the pound1.295，macdThe indicator dead cross is formed, and further confirmation is pending.



pound4Hour chart:

Remember; Investment is the way to stability, with a stable mindset45%+risk awareness 20%+Exquisite technology35%=Long term profitability! To pursue a long-term investment path and achieve certain results, these factors are essential. However, you may be at a loss in the early stages. Choosing the right guidance and helping you establish a comprehensive investment strategy is the best way for you to achieve long-term success!