ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD:The Losses May Continue
In the survey conducted by Citi and YouGov, one of the world's leading banks, inflation expectations in the UK for the next 5 to 10 years at 4 percent levels make it difficult for the pound to find demand. On the other hand, the tightening messages from the US Federal Reserve (Fed) members against the 41-year high inflation in the USA add up to the decline in the dollar and put the parity under pressure. From this point of view, the 1.2160 level is critical in parity, where the sales accelerate with the realization of the trend change. 1.2100 support can be followed in the permanent transition below this point. If it is above, 1.2265 and 1.2320 resistance can be taken into consideration.
