ANALYSIS
NQ100 Finds Support from PPIApr 14
The strong outlook of the US dollar in global markets continues to put pressure on developed country units. In addition, we consider that the policy uncertainty after the resignations of the British Cabinet will also have downward repercussions. Technically speaking, if the 1.2040 level, which is indicated by the upper border line of the descending channel, is maintained as a resistance, the outlook will remain bearish in GBPUSD parity. If the 1.1900 level can be broken with permanent closes, the 1.1820 support may come to the fore. In the transition above 1.2040, the 1.2120 resistance level can be followed closely by market actors.
