ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales pressure keeps going in GBPJPY
New coronavirus variant identified in South Africa led to a change in rate hike expectations for BoE’s December meeting, causing sterling to decline. Also, safe haven assets stay sharp thanks to the forecast that FOMC will not increare funding rates earlier. As a result, the pair declined to the lowest level of the last 2 months and as long as it stays below the resistance of trend indicating 151.80, it will target 150.00 and 149.30 support levels. In case of a possible rise above 151.80, 152.35 resistance will be on our radar.
