ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD May Deepen its Downward Movements
The news flows that were reflected in the markets that British Prime Minister Rishi Sunak was considering increasing the upper limit in income tax and the government's attitude that prioritizing inflation played a decisive role in the recovery of the pound in recent days. However, hawkish verbal guidance from the FED wing that all tools to bring inflation back to the 2% target will be used has hindered the aforementioned recovery in the pound. Technically, GBPUSD parity, which maintains its pricing behavior in the minor channel formation on the fourth trading day of the week, may bring 1.1275 support to the agenda if it passes behind the 1.1320 level with permanent closes. In the upward movements that may occur, 1.1420 and then 1.1470 resistances may be in question.
