ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPJPY May Exhibit Short-Term Gains
The pair, which ended the minor downtrend, also completed the flag formation, paving the way for short-term rises. Yesterday, British Finance Minister Jeremy Hunt's statement that there is no possibility of recession added value to the Sterling. While we are following the resistance of 161.64, indicated by the Fibonacci 50.0 percent retracement level, exceeding this region may turn the 162.22 level into a target. While 160.90 is our first critique in possible withdrawals, falling below this point may bring 160.40 support to the agenda.
