ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD Continues to Defend Ascending Channel
Expectations that the Bank of England (BoE) may raise interest rates by 75 basis points at the monetary policy meeting to be announced tomorrow allow the pound to remain resistant. It is also possible to say that the energy reform expected from the British government and the moderate outlook of the dollar also support the pound wing. Technically, if the GBPUSD parity, which is seen to carry the ascending channel movement to the third trading day of the week, rises to the level of 1.2055 permanently, it can open the way to the 1.2100 resistance. In possible downside attempts, 1.1950 and 1.1895 supports can be followed.
