GBPUSD

The market is searching for direction due to the inflation data to be announced in England on April 16. While the Consumer Price Index (CPI) is expected to decrease to 2.7% (down from 2.8%), this drop indicates that the Bank of England (BoE) may continue its interest rate reduction process. Geopolitical tensions and China's export restrictions may occasionally lead to a strengthening of the Dollar Index. From a technical perspective, the same upward trend prevails in the currency pairs that have a positive correlation with EUR/USD, and evaluating sell positions is considered risky. Possible position closures before the Holy Friday holiday may increase volatility, and it appears appropriate to hold positions after conducting risk analyses in portfolios based on Thursday's closing.