ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD:The Easing is Possible in Parity
The pair rebounded somewhat as Bank of England (BoE) Governor Bailey said a 50 basis point rate hike was on the table at the next monetary policy meeting, and uncertainties in the British Cabinet gradually disappeared. However, the recovery in the dollar index continues to keep GBPUSD under pressure with the expectations that the FED will continue to tighten aggressively at the critical July meeting. From a technical point of view, the psychological support of 1.1900 continues to be in a critical position in the pair, which signals downward movements on the fourth trading day of the week. In the transition below this point, 1.1840 support may come to the fore. Above, 1.2035 resistance may enter the radar of market players.
