ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD:Selling Parity Movements May Be Strengthened
Even though the gradual disappearance of political uncertainties with the remaining two candidates for Prime Minister in the British Cabinet, former Finance Minister Rishi Sunak and Foreign Minister Liz Truss, has eased the pressure on the pound somewhat, the dollar index is expected to continue its aggressive tightening at the critical July meeting to be held next week and moderate recovery continues to put the pair under pressure. From this point of view, if the pair, which gives the signals of downward movements on the last trading day of the week, is permanently passed behind the 1.1900 level, a pullback may occur until the 1.1835 support, which is indicated by the Fibonacci 100.00 percent expansion line. In the possible upside scenario, psychological resistance of 1.2000 can be followed closely.
