ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPCHF: The Pair May Continue to Decline
We see a depreciation of the parity as the Gross Domestic Product (GDP) growth data reported today in the UK was released below market expectations. Technically, the GBPCHF parity, which deepened its losses in the descending channel on the fourth trading day of the week, can continue its decline to the support at 1.2025 if it permanently leaves the 1.2080 level. In the possible upside scenario that could emerge at parity, resistance at 1.2220 could come to the fore after 1.2175.
