ANALYSIS
NQ100 Finds Support from PPIApr 14
30 WMA Can Be Determinant in GBPUSD
In recent days, we see that the pound is supported as a result of the moderate decreases in the dollar. Here, it is possible to say that the Sunak government's statements that they will restore economic stability and confidence are the main determinant scenario of the revival of the pound. Technically speaking, in GBPUSD parity, which is likely to maintain its recovery effort as long as it is priced above the 1.1465 level indicated by the 30-period weighted moving average, if it is possible to break above 1.1680 permanently, the resistance of 1.1800, which will be a 2-month high, may enter the radar of market players. In possible transition below 1.1465, 1.1350 support may be in question.
