ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD:Parity Can Sustain Losses
The Bank of England (BoE) Member Pill's announcement that they are considering further rate hikes against high inflation gave some support to the pair. However, while recession concerns continue in global markets, it is seen that developed country currencies have difficulty in finding demand against the US Treasury yields. On the other hand, there are downward reflections of the resignations from the British Cabinet. Technically speaking, the GBPUSD, which maintains its descending channel movement, can sustain its losses until the 1.1865 support, the lowest level since March 2020, if it can break behind the 1.1900 level permanently. 1.2000 resistance will be critical.
