ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD Can Be Priced Positively As Long As It Remains Above 1.1460
The fact that the PCE Deflator, which is the inflation indicator closely followed by the US Federal Reserve (FED), was 6.2 percent on an annual basis in September, pushed the parity down a bit. However, the new Prime Minister Rishi Sunak's government's announcement that they will reinvigorate economic stability and confidence continues to support the pound side. Technically speaking, the GBPUSD parity, which seems likely to maintain its upside eagerness as long as the pricing behavior continues above 1.1460, is likely to bring up the 1.1735 resistance in possible transitions above 1.1650. In the declines below 1.1460, the door can be opened to 1.1350 support.
