ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD: Parity Confirms the Downtrend
With the weakening of the dollar in the global markets, the FED's July meeting was not permanent. On the other hand, in the Prime Ministerial race, which entered the final level in the UK, policy uncertainty still has a downside effect on pound assets. Under this outlook, 1.2040 support is extremely important in the pricing of the parity, which confirms the downward trend with its upward attempts. With the consolidation created by the end of this level, the last downward movement can continue behind 1.1955 until 1.1865, which was last seen on July 18. On the upside, the 1.2200 – 1.2275 line will continue to be a strong resistance zone.
