ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD Parite Maintains Sales Potential Below 100 WMA
In the UK, the new Prime Minister's announcements about the energy crisis picked up the pound somewhat. However, the pound cannot find any notable demand, as the Governor of the Bank of England (BoE), Bailey stated that it is not possible to avoid a recession in the last quarter. Technically, the 100-period weighted moving average (WMA) continues to be decisive in parity pricing. The risk of a decline in parity to the lowest level since 1985 will be maintained with 1.1340 behind 1.1475 and 1.1410, unless the 1.1625 indicated by 100 WMA is permanently exceeded. The risk of regression in parity to the lowest level since 1985 will be maintained with 1.1340 behind 1.1475 and 1.1410 unless the 1.1625 indicated by 100 WMA is permanently exceeded. 1.1700 resistance can be followed in the possible transition above 1.1625.
