ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD:The Pressure on the Pair Will Continue
After the June meeting of the Bank of England (BoE), in which monetary tightening was made by 25 basis points, the recession concerns that came to the fore in the country and the weakening of hopes for the future interest rate hikes limited the recovery of the parity. On the other hand, the high level of 10-year bond yields in the US puts developed country currencies under pressure. Technically speaking, the pair, which protects the descending channel movement on the first trading day of the week, can continue its losses until the 1.2150 support if it leaves the 1.2200 level behind. In the possible upward movements in the parity, 1.2315 resistance can be followed.
