ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD: The Parity May Deepen The Losses
High gross domestic product (GDP) figures in the UK put strong pressure on the pound, pointing to recession risks. On the other hand, after the inflation data was announced at the highest level in 41 years in the USA, the expectations that the Central Bank (FED) will increase interest rates by 50 basis points in the next 3 meetings seem to pave the way for losses in the parity. Technically, in GBPUSD parity, where the downward trend is deepened, a regression can be recorded to the support of 1.2100, which is the lowest level since May 2020, with permanent transitions below the 1.2155 level. In the possible upside scenario that may be experienced in the parity, 1.2245 resistance will be followed.
